Friday, September 18, 2009

Forex: Cable falls to 1.6230 against the Dollar Fri, Sep 18 2009, 20:28 GMT

FXstreet.com (Córdoba) – Cable weakness across the board remains intact. GBP/USD fell to 1.6230 posting a fresh intra-day low. During the American session the pair plunged more than 100 pips. At 1.6320 Cable has a key support, in case the pair falls below Greenback could gain momentum. The next support lies at 1.6200. Cable is heading toward a weekly loss of more than 400 pips and has fallen in the last four days.

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