FXStreet (San Francisco) - The Sterling is recovering ground against the US Dollar as the GBP/USD is rising from 1.6565 daily lows to test the 1.6590 area.
It seems the pair got fuel from durable good orders and housing data in the US. Currently, GBP/USD is trading at 1.6592, up 0.08% on the day, having posted a daily high at 1.6597 and low at 1.6566.
GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
If the pair continues to rise, the next resistance is 1.6595 ahead of 1.6600 and 1.6630. On the downside, supports are at 1.6570, 1.6560 and 1.6530.