Forex: GBP/USD rejected by 1.6215, back to 1.6180

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Forex: GBP/USD rejected by 1.6215, back to 1.6180

FITITOL--> FXstreet.com (San Francisco) - After trading in range between 1.6165 and 1.6190 during today's session, the GBP/USD jumped higher to break that range and marks 1.6215 as fresh intra-day high. But pair was unable to consolidate levels above 1.6200 and it has retreated to previous range.

Currently the pair is pricing at 1.6183, 0.10% below opening price action. FXstreet.com technical studies show a "Slightly Bullish" and "Extremely Oversold" pair.

Next support at 1.6161 (low May 2) ahead of 1.6153 (low Apr.27) then 1.6082 (low Apr.25) and 1.6060 (high Apr.2).
On the flip side, a breakout of 1.6304 (high Apr.30) would expose 1.6331 (Upper Bollinger) then 1.6335 (high Aug.31) and 1.6455 (high Aug.29).