Forex: GBP/USD rally finds resistance at 1.6195 high

By IBTimes Staff Reporter | January 11 2010 8:24 AM

FXstreet.com (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.

Sponsorship Link

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).

.

Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

Alibaba Subsidiary Lets Small And Medium Sized-Companies Hedge Against Fluctuating Yuan

Alibaba Subsidiary Lets Small And Medium Sized-Companies Hedge Against Fluctuating Yuan

Eurozone Leaders Try to Tackle Tax Evasion

Eurozone Leaders Try to Tackle Tax Evasion

Radical AfD Political Party Could Disrupt German Elections

Radical AfD Political Party Could Disrupt German Elections

In Depth

Cruise Passengers Get ‘Bill Of Rights,’ But Critics Are Skeptical Of The Wording

Dear Cruise Passengers: Here’s Your New ‘Bill Of Rights’

Obama Heckler Medea Benjamin Of Code Pink Acknowledged During President's Drone Speech: 'That Woman Is Worth Listening To' [VIDEO, PHOTO]

Obama, With Deft Words, Copes With Heckler During Drone Speech

Westboro Baptist Church's 'God Hates Oklahoma' Site Hacked In Hilarious Fashion

Westboro's 'God Hates Oklahoma' Site Hacked For Good

Joe Biden's UPenn Commencement Address Upsets Chinese International Students

UPenn's Chinese Students Demand Biden Apologize For Graduation Speech

web counter