Dollar weakness puts the GBP/USD at 1.6180

FXStreet (San Francisco) - The GBP/USD jumped around 150 pips post FOMC minutes from 1.6030 to break 1.6100 key resistance an to trade at nearly 1-week highs at 1.6180.

Currently, GBP/USD is trading at 1.6171, up 0.47% on the day, having posted a daily high at 1.6183 and low at 1.6032. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.

GBP/USD levels

If the pair manages to extend gains beyond 1.6180, next resistances will be at 1.6200, 1.6250 and 1.6290. On the downside, supports are at 1.6130, 1.6100 and 1.6030.