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GBP/USD bounces at 1.6400

FXStreet (San Francisco) - The GBP/USD is performing a bounce from 1.6400 area as the pair is now trading at 1.6430. Earlier, the cable fell 70 pips from 1.6465 to trade at lows since February 11 at 1.6390 amid central banks decision.

However the pair found buying interest at this level and now it is attempting to recover above 1.6430. Currently, GBP/USD is trading at 1.6431, down 0.18% on the day, having posted a daily high at 1.6467 and low at 1.6394.

GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

GBP/USD levels

If the pair continues to recover, next resistance will be 1.6460, 1.6500 and 1.6545. On the downside, 1.6395, 1.6340 and 1.6250 are supports.

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