The Jamaican dollar held firm against the US dollar trading at J$128.55 on Friday, January 6, according to the Bank of Jamaica’s daily foreign exchange trading summary.Meanwhile, the Canadian dollar ended trading at J$96.30, down from J$96.71, while the British pound sterling ended trading at J$156.93, down from J$157.23.
GBP/USD Technical Analysis
GBP/USD opened the week at 1.2256 and dropped to a low of 1.2033, testing resistance at 1.2201. The pair then reversed directions and climbed to a high of 1.2305, as resistance held at 1.2311 (discussed last week). GBP/USD closed the week at 1.2160.
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