• Tech on GBP/USD

Market news

16 December 2011

Tech on GBP/USD

Resistance 3 : $1.5655 (Dec 12 high)

Resistance 2 : $1.5630 (61.8% FIBO $1.5405-$1.5765)

Resistance 1 : $1.5575/85 (MA (233) H1, 50.0% FIBO $1.5405-$1.5765)

The current price: $1.5524

Support 1 : $1.5500 (session low)

Support 2 : $1.5470 (low of the American session on Dec 15)

Support 3 : $1.5435 (Dec 15 low)


Comments: the pair is corrected remains in downtrend. In focus support $1.5500.

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