GBP/USD - 1.6223.. Sterling bulls are licking their wounds as y'day's unwinding of the golden (eur/gbp) cross did not provide cable any sup to the downside n price tanked fm 1.6296 to 1.6123 after penetrating 1.6211 sup. Intra-day euro's firmness is giving the pound some relief and price is able to pare y'day's losses in Asia. M.E. & Euroepan early birds have been spoted as cautiously buyers, however, price needs to take out offers at 1.6230-50 area in order to make further headway to the upside. Some bids are reported at 1.6160/70 with a mixtire of bids & stops seen near y'day's low.
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