GBP/USD jumps to 1.6660 post US data

FXStreet (San Francisco) - The Sterling is trading on recovery mode against the Greenback after the initial decline from 1.6675 to reach a fresh daily low at 1.6615. Being fueled by the better than expected durable goods orders in January, the GBP/USD jumped to test 1.6660 level.

The GBP/USD is currently trading at 1.6650, still 0.10% negative in the day. The short term perspective remains slightly bullish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the MACD and Stochastic are neutral.

GBP/USD levels

Above the 20-hour MVA at 1.6660, the cable would find resistances at 1.6675 and 1.6700. On the downside, supports are at 1.6615, 1.6590 and 1.6580.