The Pound is building momentum on European session, and pair's rally from 1.6230 low, triggered by unexpected improvement on employment levels, has extended above 1.6300 with the pair reaching 1.6360 high, testing the top of the recent trading range.
At the moment, the Pound trades at 1.6330, with next resistance levels at 1.6340/45 (Dec 10/11 high), and above here, 1.6375/90 (Dec 9 high/Dec 1 low) and 1.6450.
On the downside, support levels lie at 1.6275/80 previous session high and below here, 1.6230 (session low) and 1.6190/00 (Range floor).
No comments:
Post a Comment