Forex: GBP/USD falls below 1.6100

FXstreet.com (Córdoba) - The pound extended its pullback versus the greenback and fell to fresh daily lows after US Senate majority leader Harry Reid said going over the fiscal cliff "looks like where we're headed".

After being rejected once again by the 1.6200 resistance area, GBP/USD came under pressure and having lost over 120 pips from daily highs it recently broke below 1.6100 to hit its lowest in 2 weeks at 1.6077. At time of writing, the pair is trading at the 1.6080 zone, down 0.3% on the day.

As for technical levels, next supports are seen at 1.6080, 1.6050 and 1.6010, while resistances could now be found at 1.6100, 1.6170 and 1.6200.

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