FXstreet.com (Córdoba) - After an over 160-pip slide, the Cable
found support at 1.5647 where it set a fresh 8-day low before
bouncing. GBP/USD has managed to trim a part of its steep intraday
losses incurred on the back of BoE dovish minutes, although the
recovery has been capped by the 1.5690 area so far.
At time of writing, the cross is quoting around 1.5685, still down
0.6% on the day. Valeria Bednarik, chief analyst at FXstreet.com,
notes that the pair holds a bearish tone and sees next supports at
1.5640, 1.5600 and 1.5550, while on the other hand resistance
levels are seen at 1.5700, 1.5730 and 1.5770.