Forex: GBP/USD retreats from highs

FXstreet.com (San Francisco) - After peaking to 1.6095, the GBPUSD is retreating from intra-day highs to price at 1.6060 where the pair seems to have found some support. Currently the GBPUSD is trading at 1.6070, 0.20% above opening price action.

The GBPUSD's FXstreet.com Forex Studies point buy levels in MACD, CCI and Momentum indicators in the 1-hour time frame. In the shorter 15-minute chart, the CCI and Momentum points sell while the MACD is still buy.