Tech on GBP/USD

Market news

7 March 2011

Tech on GBP/USD

Resistance 3: $ 1.6450 (high of Jan 2010)

Resistance 2: $ 1.6340 (Mar 2 high)

Resistance 1: $ 1.6300 (Mar 4 high)

Current price: $1.6239

Support 1 : $1.6230 (session low, Mar 4 low)

Support 2 : $1.6160 (Feb 25 high)

Support 3 : $1.6070 (support line from Feb 11)

Comments: the pair decreases. The nearest support $1.6230. Below is possible testings of around $1.6160. The nearest resistance $1.6300. Above growth is possible to $1.6340.

Tech on USD/CHF

Tech on EUR/USD

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.