Tech on GBP/USD

Market news

13 May 2011

Tech on GBP/USD

Resistance 3: $ 1.6440 (resistance line on May 2)

Resistance 2: $ 1.6380 (May 12 high)

Resistance 1: $ 1.6295 (session high)

Current price: $1.6245

Support 1 : $1.6220/30 (Apr 12, 13, 19 and May 12 low, session low)

Support 2 : $1.6160 (Apr 18 low)

Support 3 : $1.6030 (Apr 5 low)

Comments: the pair decreased. The nearest support $1.6220/30. Below is possible testings of around $1.6160. The nearest resistance - area $1.6295. Above growth is possible to $1.6380.

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