"In the 4 hours the neutral stance since over the past few sessions is gaining bearish track as RSI moves below 50 and price stands below 20 SMA," comments Valeria Bednarik, FXstreet.com Chief Analyst. "The roof of the daily descendant channel is today around 1.6080, and gains above this last seem unlikely in the case Pound recovers the lost ground."
Support levels: 1.6020 1.5990 1.5950
Resistance levels: 1.6050 1.6080 1.6110
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