Tech on GBP/USD

Market news

16 March 2011

Tech on GBP/USD

Resistance 3: $ 1.6340 (Mar 7 high)

Resistance 2: $ 1.6240 (Mar 9 high)

Resistance 1: $ 1.6170 (resistance line from Mar 9)

Current price: $1.6074

Support 1 : $1.6050 (session low)

Support 2 : $1.5975 (Mar 11 low)

Support 3 : $1.5820 (Jan 31 low)

Comments: the pair bargains in the field of $1.6070. The nearest support $1.6050. Below is possible testings of around $1.5975. The nearest resistance $1.6170. Above growth is possible to $1.6240.

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