1.6474/75 (0.16%) H 1.6505 L 1.6307
FXstreet.com (Barcelona) - The Sterling's recovery against the Dollar has continued in the last hour and Cable has risen around 60 pips from 1.6425 to post 1.6487 as fresh intra-day high. Currently the pair is trading around 1.6470/80, 0.35% above today's opening price action.Valeria Bednarik, FXstreet.com collaborator, comments: "Bearish sentiment keeps pair under pressure, having downgraded range to 1.6300/1.6400. Hourly charts show clear 20 SMA bearish slope with price holding under bearish 20 SMA. Bigger time frames also tend to the downside yet a clear break under today’s low at 1.6305 is needed to confirm more momentum."
