Tech on GBP/USD

Market news

4 March 2011

Tech on GBP/USD

Resistance 3: $ 1.6450 (high of Jan 2010)

Resistance 2: $ 1.6340 (Mar 2 high)

Resistance 1: $ 1.6290 (session high)

Current price: $1.6270

Support 1 : $1.6250 (session low)

Support 2 : $1.6210 (Mar 2 low)

Support 3 : $1.6160 (Feb 25 high)

Comments: the pair bargains in a narrow range. The nearest support $1.6250. Below is possible testings of around $1.6210. The nearest resistance $1.6290. Above growth is possible to $1.6340.

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