GBP/USD: Stops Below 1.9600 Tripped, Bids Tipped at 1.9580

Tripped stops below 1.9600 have helped depress cable to a new two-day low of 1.9587, as the USD racks up across-the-board pre-weekend gains in the wake of the top-of-the-hour disclosure of February's unexpected rise in US existing home sales. GBP/USD demand is noted at 1.9580, with further bids tipped at 1.9550/55. 1.9600 is now a rebound resistance level. Above-figure obstacles include 1.9611 (yesterday's low), 1.9627 (today's Asian session base), 1.9651 (today's Asian session peak), 1.9675, 1.9690 and 1.9725.