GBP/USD tech comments

Market news

10 December 2010

GBP/USD tech comments

Retains an underlying buoyant tone, the corrective pullback off highs of $1.5863 found decent support at $1.5820 with rate moving into the US open around $1.5845. Next resistance seen at $1.5875 ahead of $1.5890/00. Support $1.5820 then $1.5800.

USD/JPY under pressure

Fitch Ratings has downgraded Allied Irish Banks plc's (AIB) and Bank of Ireland's (BoI) Long- and Short-term Issuer Default Ratings (IDR) to 'BBB' from 'A-' and 'F2' from 'F1', following yesterday's downgrade of the Irish sovereign.

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