GBP/USD held on to its weaker tone around the 1.3100 roundfigure mark and had a rather muted reaction to the latest UK consumer inflation figures. The British pound moved little after the headline UK CPI came in line with consensus estimates and rose 0.2% MoM in November as compared to a fall of 0.2% recorded in the previous month. From a technical perspective, the pair showed some resilience below a short-term ascending trendline support, connecting lows touched on October 10 and November 27. The mentioned support nears the 61.8% Fibonacci level of the 1.2928-1.3515 latest swing up and is closely followed by last week's swing low, around mid-1.3000s, which if broken might be seen as a key trigger for bearish traders.
R1 R2 S1 S2
1.3150 1.3190 1.3070 1.3010
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