Forex: GBP/USD returns to 1.6100

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Forex: GBP/USD returns to 1.6100

FITITOL--> FXstreet.com (Barcelona) - As the NY session opens, currency flows are pulling the GBP/USD back to 1.6100 area.
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“The breach of key resistance at 1.5985/1.6063 signalled an important breakout and we look for 1.5985/1.6063 to hold for the next leg of the 1.5235 advance for 1.6167 (31st Oct high) and resistance at 1.6455/1.6500”, wrote MIG Bank analyst Howard Friend.

Mataf.net analysts point to resistances at 1.6105, 1.6150 and 1.6160. On the downside, supports might act at 1.6080, 1.6040 and 1.6010.