- GBP/USD remains under pressure
Market news
10 March 2011
GBP/USD remains under pressure
Stops below $1.6210 targeted and triggered, as rate drops back to $1.6108, with rate retaining a heavy tone as recovery efforts remains very shallow. Next support seen at $1.6104, the level corresponding to the 76.4% retrace of the move up from $1.6030 to $1.6344. More stops noted on a break of $1.6100, which if triggered to open a deeper move toward $1.6075/70.
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