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*Dec29 cable open $1.3448, range...>

STERLING SUMMARY
STERLING SUMMARY: *Dec29 cable open $1.3448, range $1.3430 to $1.3456
*Cable opened in Asia towards the upper side of yesterday's $1.3391 to $1.3456
range, where broad-based dollar weakness was the theme
*The last trading day of the year was a quiet affair in Asia, the pound broadly
consolidated toward yesterday's high
*Initial resistance in located at $1.3467 (Dec14 high), with key-resistance
located above at $1.3492 (76.4% fib $1.3550-$1.3300), while support is located
at $1.3415/02 (38.2%/50% fib $1.3348-1.3456)
*Eur/Gbp opened in Asia toward the upper side of yesterday's Gbp0.88665-0.8894
range, where firmer German Bund yields gave the euro the modest upper hand.
*The Asia session witnessed a slow orderly move lower from $0.8885 to Gbp0.88745
before finding some demand, last at Gbp0.8877.  

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