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GBP/USD: Pound holds below 1.6700 moving in rangesFITITOL–>FXstreet.com (C?rdoba) ? Cable rose earlier to a fresh one-month high at 1.6740 but failed to confirm above 1.6700. After the opening bell at Wall Street the pair fell to 1.6658 and since then moved inside a range between 1.6665 and 1.6690. Current price at 1.6672/75 is 0.15% above today?s opening price. Pound is rising for the fourth consecutive day against Greenback.
The ecPulse.com analysis team comments: ?It is consolidated (GBP/USD) as well due to technical movements and shows a tendency to fall according to the four-hour momentum indicators, having the royal pound trading at 1.6680 recording a high of 1.6741 and a low of 1.6641 with a resistance at 1.6704 and a support at 1.6640.?
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