GBP/USD declines from highs and trades at 1.6360

FXstreet.com (San Francisco) - After rallying around 50 pips from 1.6325 in the European session, the Sterling traded at daily highs at 1.6380 against the US Dollar but it hasn’t been able to hold levels as the GBP/USD is now trading down to 1.6360.

Currently, the GBP/USD is pricing at 1.6365, 0.05% positive on the day. The short term perspective is neutral according to the FXstreet.com trend index in the 15-minute chart. MACD and CCI are pointing to the north while the Stochastic is neutral and Momentum is bearish.

GBP/USD levels

Above the 1.6380, next resistances are at 1.6400 and 1.6480. On the downside, supports are at 1.6320, 1.6275 and 1.6215.