FXstreet.com (Córdoba) – Cable failed to break above 1.5970 in the last hour against the Dollar. GBP/USD is moving sideway in a range with support at 1.5920 and resistance at 1.5960. During the American session the pair pulled back from intra-day high at 1.5989 and currently it trades at 1.5937/40, 0.40% above today’s opening price. Pound is rising for the first time after four day sessions with losses.
“It is slightly declining and is forecasted to plunge further to the downside according to the four-hour momentum indicators, having the royal pound trading at 1.5951 recording a high of 1.5988 and a low of 1.5822 with a resistance at 1.5975 and a support at 1.5919.”
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