Tech on GBP/USD

Market news

17 March 2011

Tech on GBP/USD

Resistance 3:$1.6340
Resistance 2:$1.6240
Resistance 1:$1.6120
Current price: $1.6037

Support 1: $1.5980
Support 2: $1.5920
Support 3: $1.5870

Comments: Rate holds above session lows with minor sipport comes at $1.5975/80 (Mar 11 lows). Further support is around $1.5920, stronger - at $1.5870 (channel lie from Mar 07). Resistance is near channel line coming today at $1.6120. Above the target comes at $1.6240 (Mar 09 high).

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