Forex: GBP/USD bounces at 1.6125 again

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Forex: GBP/USD bounces at 1.6125 again

FITITOL--> FXstreet.com (San Francisco) - The 1.6125 resistance level has rejected the GBP/USD again today with the Cable rising back above 1.6150. The pair trades now at 1.6155, 0.20% below opening price action.

After falling from 1.6196, yesterday high, the Cable traded bearish throughout the Asian and European session on the back of political climate that is coming out of Greece after officials made dreadful comments regarding the country’s debt situation. Pair found support at mentioned 1.6125 level this morning and has been trading in range between 1.6125 and 1.6155.

"Technical support levels are seen at 1.6115 and then at the 10DMA line at 1.6086," comments the Talking-Forex.com team. "On the other hand, resistance levels are seen at 1.6239, 1.6304 and then at the 21Day Upper Bollinger level at 1.6346."