Tech on GBP/USD

Market news

13 September 2011

Tech on GBP/USD

Resistance 3: $ 1.5990 (Sep 9 high)

Resistance 2: $ 1.5940 (line of support from Aug 29)

Resistance 1: $ 1.5870/90 (area of session high and Sep 12 high)

Сurrent price: $1.5828

Support 1 : $1.5780/50 (area of low of July, Sep 12 low, Jan 25 low)

Support 2 : $1.5700 (psychological mark)

Support 3 : $1.5650 (area of high of the end of Dec 2010 and first half of Jan 2011)

Comments: the pair not managed to overcome strong support which limits the further decrease. Later the rate returned back to dayly range.

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