Stoyan Mihaylov, technical analyst at Deltastock.com, resistance at 1.6391 is a key level on the upside: "As expected the pair was sold-off from the recent high at 1.6621 and is currently aiming at 1.6241 support, en route to 1.6082. Important resistance on the upside is 1.6391."

Resistance levels lie at 1.6390/00, and above here 1.6440/50, and 1.56525. On the downside, initial support lies at 1.6300, and below there, 1.6200 and 1.6120.
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Forex: GBP/USD: Pound failed to break 1.6400 resistance, returns to 1.6335

FXstreet.com (Barcelona) - After bouncing at 1.6305 intra-day low on early European session, the Sterling has launched an assault to 1.6390/00 resistance level, but the pair was rejected and Cable pulled back to levels around 1.6335.

According to Stoyan Mihaylov, technical analyst at Deltastock.com, resistance at 1.6391 is a key level on the upside: "As expected the pair was sold-off from the recent high at 1.6621 and is currently aiming at 1.6241 support, en route to 1.6082. Important resistance on the upside is 1.6391."

Resistance levels lie at 1.6390/00, and above here 1.6440/50, and 1.56525. On the downside, initial support lies at 1.6300, and below there, 1.6200 and 1.6120.
For more information, read our latest forex news.

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