Forex: GBP/USD rally finds resistance at 1.6195 high

on January 11 2010 8:24 AM (Barcelona) - Pound's rally from 1.5955 pre-payrolls level has extended during European morning up to 1.6195, where the pair has met resistance and eased to levels around 1.6160 at the time of writing.

Pound's retreat might find support at 1.6155 (Jan 5 high), and below here, 1.6100/10 (Dec 22/Jan 8 high) and 1.6060/70 (Jan 4 low/ Jan 6&7 high. On the upside, resistance levels lie at 1.6195 (session high), and above here, 1.6240 (Jan 4 high) and 1.6340 (Dec 17 high).


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