GBP/USD says enough at the 1.6150 level, and trades back at 1.6180

FXstreet.com (San Francisco) - After falling the whole day from 1.6245 to reach fresh intra-day lows around 1.6150 in the American morning, the Sterling bounced at this level against the US Dollar with the pair recovering some ground to trade back around 1.6180.

Currently, the GBP/USD is trading at 1.6178, yet 0.12% negative in the day. The short term perspective remains slightly bearish according to the FXstreet.com trend index. Indicators such as MACD, Momentum and CCI are pointing to the lower side while the Stochastic is bullish.

Below the 1.6150, next supports are at 1.6135, 1.6120 and finally 1.6100. On the upside, the initial barrier lies at 1.6258 (high Oct.23) followed by 1.6260 (high Oct.1) and then 1.6300 (psychological level).