GBP/USD jumps above 1.6050 after Yellen dovish mode

FXstreet.com (San Francisco) - The Sterling is joining the current USD weakness on the back of Yellen dovish remarks before US Senate testimony and her considerations that the US economy must improve further before Fed taper.

The GBP/USD jumped to fresh intra-week highs of 1.6065 where the pair found selling interest and now the cable is trading at 1.6050. Next resistances are at 1.6100, 1.6120 and 1.6160. On the downside, supports are at 1.6000, 1.5960 and 1.5890.