Forex: GBP/USD falls to 1.5660 so far intraday

on Jun 18, 2013
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The upward channel in which the pair has been moving since the end of May, and which was corrected yesterday, was breached to the downside earlier today. Currently the price is at 1.5695 with the low so far reached at 1.5660.

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Following a high at 1.5750 the pair started to descend and on the daily chart the quote seems to be topping. The MACD and RSI indicators are pointing down and the RSI has come out of the overbought zone.
To the upside, resistance levels lie at 1.5690, 1.5725 and 1.5755.
To the downside, support could be expected at 1.5670, 1.5645 and 1.5615.
!fm[](/uploads/story/3150/gbpusdh4_1806_11h.png)

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GBP Forex