Forex: GBP/USD jumps to fresh 1-month high

FXstreet.com (Córdoba) - The Pound jumped and reached a fresh 1-month high against the greenback after news that Spain has officially requested a bank bailout (not a sovereign bailout). GBPUSD rose over 40 pips within the last minutes and reached its highest in a month at 1.6086.

At time of writing, GBPUSD is trading at the 1.6080 area, 0.4% above its opening price. On the upside, next resistances are seen at 1.6100 (psychological level) and then at 1.6133 (high Nov.2). On the downside, if the pair breaks below 1.5988 (low Nov.30) next supports could be found at 1.5962 (low Nov.28) and then 1.5957 (21-day MA).