Forex: GBP/USD remains capped by 1.6200

FXstreet.com (Córdoba) - The British pound managed to trim part of Friday's losses during the European session, but was unable to break decisively above the 1.6200 mark and turned lower. GBPUSD reached a high of 1.6204 but quickly found sellers and pulled back to the 1.6165 zone in thin holiday trading.

At time of writing, GBPUSD is trading at the 1.6170 area, slightly above its opening price, as concerns about the lack of progress in US fiscal cliff talks it's weighing on riskier assets.

As for technical levels, immediate supports are seen at 1.6165, 1.6140 and 1.6100 while on the upside, resistances could be found at 1.6205, 1.6225 and 1.6260.