GBP/USD: Runs into Resistance at 1.9350

Cable ran into resistance at 1.9350 after the most recent bout of USD selling. 1.9350 marks a new 23-month peak. 1.9400, 1.9485, 1.9500, 1.9550 (Dec 2004, 12-year high), and 1.9600 are touted obstacles north of 1.9350. Sterling support points include 1.9300, 1.9290, 1.9275, 1.9200, and 1.9180 (Nov 10 peak). Lows just under 1.9290 were notched after the 09:30GMT UK annualized Q3 GDP downward revision.