FXstreet.com (Buenos Aires) – GBP/USD halted the recovery at 1.6480, triggered by better than expected U.K. inflation report, completing a pullback to the daily ascendant trend line broken past Monday. Quoting now at 1.6450, above today’s high pair could reach 1.6520 still corrective. Only clear confirmations above that level can change the general bearish sentiment.
Supports from current price, lie at 1.6430/40 zone, followed by stronger 1.6380, and 1.6320 minimums congestion zone. If this finally gives up, pair will resume bearish trend and attempt a fresh low under yesterday’s 1.6275.
