GBP/USD extends advance above 1.6200

FXstreet.com (San Francisco) - Finally the 1.6140/50 support area kept up in the GBP/USD, with the Sterling recovering ground against the US Dollar and trading back above the 1.6200 area.

The Cable's recovery is testing the 1.6220 resistance with the pair trading now at 1.6510, 0.30% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 1.hour chart. Indicators such as CCI and Momentum are pointing to the north whiel the Stochastic and MACD are neutral.

Above the 1.6220, next resistances are at 1.6250 and 1.6260. On the downside, The GBP/USD would face supports at 1.6150, 1.6140 and 1.6120.