FXstreet.com (Córdoba) - The rally of the Pound across the board eased in the last hours. GBP/USD found resistance at 1.6095/00 and pulled down to 1.6050. Currently trades at 1.6060/65. The pair jumped almost 250 pips to rise from a 2-month low below 1.5850 to 1.6090. To the downside support could be located at 1.6020/15 and below at 1.5930/20. Immediate resistance lies at 1.6100 and above at 1.3130.
Michael J. Malpede, analyst at Easy Forex comments: The technical outlook for GBP is mixed as GBP rallies above 1.6000. Expect near-term support at 1.5708 the October 13th low with resistance at 1.6070 the December 29th high and 1.6164 the December 21st high.