GBP/USD tests 1.6300

By FXstreet – The Pound is now recovering after falling against the Dollar. During the American session the pair reached an intra-day low at 1.6240. From there the pair recovery finding resistance at 1.6300. So far today GBP/USD has fallen 0.80% from the opening price.

Cable is also weaker against the Yen. GBP/JPY has fallen below 160.00 and has tested levels below 159.00. The pair is almost 300 pips away from 5-month high reached on Friday at 162.50

Against the Euro, the Pound reached before the opening bell in Wall Street a fresh 5-month high. EUR/GBP fall to gbpMedium01 0.8449 (lowest price since December 2) and then rebounded finding resistance at 0.8480. The pair has fallen on six of the last seven days.

EUR/GBP (Jun 15 at 19:52 GMT)

0.8456/59 (-0.73%)

H 0.8531 L 0.8446

S3	S2	S1	R1	R2	R3
0.8436	0.8443	0.8450	0.8463	0.8470	0.8477

[?]Trend Index	[?]OB/OS Index
Strongly Bearish	Neutral
Data updated on Jun 15 at 19:50 (15-minute timeframe)

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