Tech on GBP/USD

Market news

11 March 2011

Tech on GBP/USD

Resistance 3: $ 1.6240 (Mar 9 high)

Resistance 2: $ 1.6140 (resistance line from Mar 7)

Resistance 1: $ 1.6080 (session low)

Current price: $1.6069

Support 1 : $1.6030 (Mar 10 and Feb 25 low)

Support 2 : $1.5960 (Feb 11 low)

Support 3 : $1.5820 (Jan 31 low)

Comments: the pair bargains in the field of the low reached yesterday. The nearest support $1.6030. Below is possible testings of around $1.5960. The nearest resistance $1.6080. Above growth is possible to $1.6140.

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