GBP/USD tries to set stable

Market news

2 June 2011

GBP/USD tries to set stable

GBP/USD tries to set stable, holding above tech support at $1.6332 (76.4% Fibo of $1.6305/1.6418 move). Rate currently trades around $1.6343. While rate can hold above $1.6332 seen keeping underlying tone buoyant. A break to open a deeper move toward earlier lows at $1.6305.

Dow -36.18 at 12253.96, Nasdaq +0.97 at 2770.16, S&P -1.95 at 1312.60

EUR/USD back under $1.4500

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