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GBP/USD finds support at 1.6040; back to 1.6100

FXStreet (San Francisco) - The Sterling's decline from intra-day high at 1.6115 versus the US Dollar found support at 1.6040 where the pair experienced some buying interest that launched the GBP/USD to test back the 1.6100.

Currently, GBP/USD is trading at 1.6089, up 0.03% on the day, having posted a daily high at 1.6118 and low at 1.6026. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bullish.

GBP/USD levels

If the pair breaks above 1.6100, it will face next resistances at 1.6115, 1.6140 and 1.6160. On the downside, supports are at 1.6040, 1.6025 and 1.5950.

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