FXstreet.com (Córdoba) - The Pound is falling further across the board. Cable is under pressure after weak economic data from UK and on falling stocks in Europe and at Wall Street. GBP/USD fell to 1.6388 reaching a fresh intra-day low.
To the downside support lies at 1.6375/60 and below at 1.6270 (Nov 27 low). The pair has fallen 200 pips after peaking at 1.6593 during the Asian session. Currently trades at 1.6395/99, 0.65% below today's opening price.
The ecPulse.com analysis team affirms: The trading range for today is among the key support at 1.6350 and the key resistance at 1.6750. The general trend is to the upside as far as 1.4840 remains intact with targets at 1.7200.