• Tech on GBP/USD

Market news

20 December 2011

Tech on GBP/USD

Resistance 3 : $1.5655 (Dec 12 high)

Resistance 2 : $1.5595 (50.0% FIBO $1.5405-$1.5765)

Resistance 1 : $1.5545/55 (MA (233) H1, Dec 16 high)

The current price: $1.5516

Support 1 : $1.5490 (low of the American session on Dec 19)

Support 2 : $1.5465 (Dec 19 low)

Support 3 : $1.5435 (Dec 15 low)


Comments: the pair is corrected remains in downtrend. In focus support $1.5490.

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