FX : GBP/USD: Pound, above 1.6500, testing 1.6525 level
FXstreet.com (Barcelona) - The Pound rebound on 1.6420 low has extended above 1.6500 supported by gains in stock markets, and the Pound, at intra-day highs, is testing resistance area at 1.6520/25.
In case of breaking above 1.6525, next resistances lie at 1.6565/75 area and above here, intra-week high at 1.6600/10. On the downside, below 1.6500, the Pound could find support at 1.6420 intra-day low, and below here, 1.6375 (Aug 19 low) and 1.6325 (Aug 18 low).
