The pair is back to the same price level it had at the beginning of the Asian session as it hovers around 1.5680.

Cable lost momentum across the board in the last hour while Greenback gained momentum after the release of a weaker than expected GDP report.

According to Valeria Bednarik, Chief Analyst at FXstreet.com locates support levels at 1.5690, 1.5660 and 1.5620. To the upside, she points out that the pair `”needs however to overcome 1.5720 area, to attempt a test of 1.5770 strong static resistance zone.”