FXstreet.com (San Francisco) - GBP/USD is holding tight in range heading into the European open, as financial markets are comatose this Christmas eve. After a sharp retreat overnight Friday on risk aversion, spot now trades around 1.6170 and is threatening to push higher after extending as low as 1.6141 in earlier trade.
From Valeria Bednarik, Chief Analyst at FXstreet.com: “1.6130 high from early December comes as immediate support level, and once broken, may see the pair continue falling towards the 1.6065 strong static support zone. The upside is now limited by 1.6170, and only a clear advance above this last will deny the possibility of short term slides.”
From Valeria Bednarik, Chief Analyst at FXstreet.com: “1.6130 high from early December comes as immediate support level, and once broken, may see the pair continue falling towards the 1.6065 strong static support zone. The upside is now limited by 1.6170, and only a clear advance above this last will deny the possibility of short term slides.”
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