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Forex pairs in this Article » GBP/USD (San Francisco) - After a timid reaction following the BoE decision to maintain its monetary policy unchanged, the GBP/USD has been shaken by the ECB rate cut as the pair fell fast to intra-day low at 1.6010 and bounced back to previous levels at 1.6075.

Currently, the GBP/USD is trading at 1.6060, 0.16% negative in the day. The short term perspective is slightly bearish according to the trend index in the 1-hour chart. CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral.

A dip beyond 1.6060 would bring 1.6050, 1.6040 and finally 1.6000. On the upside, the immediate resistance aligns at 1.6090, followed by 1.6105 and then 1.6120.
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