Tech on GBP/USD

Market news

17 May 2011

Tech on GBP/USD

Resistance 3: $ 1.6380 (May 12 high)

Resistance 2: $ 1.6310 (May 13 high)

Resistance 1: $ 1.6255 (May 16 high)

Current price: $1.6205

Support 1 : $1.6180 (support line from May 13)

Support 2 : $1.6090 (Apr 5 low)

Support 3 : $1.5930 (low of March)

Comments: the pair bargains in the field of $1.6200. The nearest support $1.6180. Below is possible testings of around $1.6090. The nearest resistance - around $1.6255. Above growth is possible to $1.6310.

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