Forex: GBP/USD regains 1.6000

FXstreet.com (Córdoba) - The British pound managed to stage a bounce versus the dollar as risk appetite improved during the American afternoon, with stocks turning positive in Wall Street. GBPUSD bottomed out at the 1.5960 area, printing a 5-day low, but having climbed over 50 pips within the last hours, it currently trades flat on the day at the 1.6010 zone.

"In terms of technical levels, supports are seen at the 10DMA line at 1.5956 and then at the 200DMA line at 1.5860", says the Talking-Forex.com team. "On the other hand, resistance levels are seen at the 55DMA line at 1.6061 and then at the 21DMA upper Bollinger level at 1.6126".