Tech on GBP/USD

Market news

12 May 2011

Tech on GBP/USD

Resistance 3: $ 1.6520 (May 11 high)

Resistance 2: $ 1.6480 (resistance line on May 2)

Resistance 1: $ 1.6380 (session high)

Current price: $1.6374

Support 1 : $1.6315 (May 10-11 low)

Support 2 : $1.6270 (May 9 low)

Support 3 : $1.6220 (Apr 12, 13 and 19)

Comments: the pair bargains in the field of $1,6370. The nearest support $1.6315. Below is possible testings of around $1.6270. The nearest resistance - area $1.6380. Above growth is possible to $1.6480.

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