FXstreet.com (Barcelona) - The Sterling is slightly falling against the Greenback during the European session and after moving in a range from 1.6110 to 1.6165 resistance level, which has rejected the Euro twice, the GBP/USD has fallen to break 1.6100 level and trade close to 1.6075 in the last moments.
Currently the pair is trading around 1.608/90. 0.20% below today's opening price action.
The Kshitij Consultancy Service Team comments: The Cable has ranged between 1.6090 and 1.6159 through the day. The view is still the same as in the morning. 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). A fall below the 200-DMA is not anticipated at least till the next year. The Projected Max High and Low for the day is at 1.6282 and 1.5972 respectively.