FXstreet.com (Barcelona) - Pound's reversal from 1.6165 resistance area has extended to 1.6075 session low, where the pair has found support to bounce up to levels above 1.6100, trading around 1.6120 at U.S session opening.

According to the Kshitij Consultancy Service Team, support levels lie at 1.6057 and 1.6008: There's Support on the pair at 1.6057 which is formed by joining the lows of 27 Nov, 9 Dec and 17 Dec and next at 1.6008 (200-DMA).

On a longer term perspective, the Kshitij Consultancy Service Team suggests the possibility of a double top, to be confirmed below 1.5620: The longe term charts suggest a possibility of Double Top which can be confirmed on a fall below the 55-week MA which is at 1.5620 this week. That is a long way from here.

.