GBP/USD finds support at 1.6255

FXstreet.com (San Francisco) - The Sterling seems to have found support against the US Dollar at 1.6255 after falling around 85 pips in the European morning. The GBP/USD bounced at the mentioned level to test 1.6290 area.

Currently, the Pound to Dollar exchange rate is pricing at 1.6270, 0.20% negative in the day. The short term perspective is strongly bearish according to the FXstreet.com Trend Index in the 1-hour chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.

GBB/USD technical levels

Above the 1.6290, the GBP/USD would face resistances at 1.6300, 1.6335 and 1.6350. On the downside, next supports are at 1.6255, 1.6240 and 1.6120.