Tech on GBP/USD

Market news

31 May 2011

Tech on GBP/USD

Resistance 3: $ 1.6750 (high of April)

Resistance 2: $ 1.6575 (May 4 high)

Resistance 1: $ 1.6510/20 (session high, May 11 high)

Current price: $1.6500

Support 1 : $1.6470 (session low)

Support 2 : $1.6400 (May 27 intraday low)

Support 2 : $1.6340 (38.2 % FIBO $1.6060-$ 1.6510)

Comments: the pair remains around session high. The nearest resistance - $1.6510/20. Above growth is possible to $1.6575. The nearest support $1.6470. Below decrease is possible to $1.6400.

German jobless rate 7.0%, as 8,000 persons left the ranks ofthe unemployed

Tech on EUR/USD

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