GBP/USD finds support at 1.6260

FXstreet.com (San Francisco)--after the fall around 85 pips from 1.6350 in the European session, GBP/USD seems to have found support to 1.6250, the lowest since November 21, where the couple rebounded to trade at 1.6280.

GBP/USD triggered orders about 1.6315 stops at the beginning of the session, as the cable is down for the third day in a row. The pound to Dollar exchange rate lost 200 pips from 10 December high to low for 3 weeks to 1.6465 1.6265.

GBP/USD: Bias

Currently, GBP/USD is trading at 1.6290, down 0.33 percent on the day. The short-term outlook remains bearish slightly according to the index of FXstreet.com trend in 1 hour chart. MACD, CCI and momentum are pointing South, while the stochastic is bullish.

GBP/USD at media meet 1.6300, 1.6120 and 1.6000. On the upside, the heating elements are at 1.6320, 1.6350 and 1.6415.

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