Tech on GBP/USD

Market news

2 May 2011

Tech on GBP/USD

Resistance 3: $ 1.7040 (Aug'2009 high)

Resistance 2: $ 1.6880 (Nov'2009 high)

Resistance 1: $ 1.6740 (Apr 28-29 high)

Current price: $1.6650

Support 1 : $1.6625 (Apr 28-29 low, 38,2 % FIBO $1,6430-$ 1,6740)

Support 2 : $1.6580 (50,0% FIBO $1,6430-$ 1,6740)

Support 3 : $1.6550 (61,8% FIBO $1,6430-$ 1,6740)

Comments: the pair decreased. The nearest resistance - around $1.6740. Above growth is possble to $1.6880. The nearest support $1.6625. Below is possible testings of around $1.6580.

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