• Tech on GBP/USD

Market news

3 May 2011

Tech on GBP/USD

Resistance 3: $ 1.6880 (Nov'2009 high)
Resistance 2: $ 1.6740 (Apr 28-29 high)
Resistance 1: $ 1.6660 (session high)
Current price: $1.6629
Support 1 : $1.6580 (50,0 % FIBO $1,6430-$ 1,6740, session low)
Support 2 : $1.6550 (61,8 % FIBO $1,6430-$ 1,6740)
Support 3 : $1.6430 (Apr 26-27 low)
Comments: the pair decreased. The nearest support $1.6580. Below is possible testings of around $1.6550. The nearest resistance - around $1.6660. Above growth is possible to $1.6740. 

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