Published: Fri, 03 Jul 2009 13:20:00 +0200
Forex: GBP/USD falls further to test 1.6300
FXstreet.com (Barcelona) - The GBP/USD's rejection from 1.6430 in the early European has continued and the pair has fallen around 130 pips to test 1.6300 level, posting 1.6302 as fresh 1-week low. Currently the pair is trading around 1.6300/10, 0.25% below opening price.
George Clement, analyst at Swiss e Trade, comments: "Trading above solid support right now, cable is currently priced at 1.6350. We expect the support at 1.6320 to hold in today?s trading and project a rising market, up to levels around 1.6450."
By Fxstreet.com
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