• Tech on GBP/USD

Market news

6 May 2011

Tech on GBP/USD

Resistance 3: $ 1.6550 (May 5 high)
Resistance 2: $ 1.6470 (resistance  line from May 2)
Resistance 1: $ 1.6430 (session high, Apr 26-27 low)

Current price: $1.6385
Support 1 : $1.6355 (session low)
Support 2 : $1.6220 (Apr 12-13 and 19 low)
Support 3 : $1.6200 (38.2 % FIBO $1.5340-$ 1.6740)
Comments: the pair bargains below a mark $1.6400. The nearest resistance - around $1.6430. Above growth is possible to $1.6470. The nearest support $1.6355. Below is possible testings of around $1.6220. 

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
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.