Tech on GBP/USD

Market news

10 March 2011

Tech on GBP/USD

Resistance 3: $ 1.6450 (high of Jan 2010)

Resistance 2: $ 1.6340 (Mar 2 and 7 high)

Resistance 1: $ 1.6240 (Mar 4 low, Mar 9 high)

Current price: $1.6166

Support 1 : $1.6120 (Mar 8 low)

Support 2 : $1.6090 (support line from Feb 11)

Support 3 : $1.5960 (Feb 11 low)

Comments: the pair decreases. The nearest support $1.6120. Below is possible testings of around $1.6090. The nearest resistance $1.6240. Above growth is possible to $1.6340.

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