Tech on GBP/USD

Market news

24 April 2012

Tech on GBP/USD

Resistance 3 : $1.6200 (Sep 6 high)

Resistance 2 : $1.6165 (Oct 31 high)

Resistance 1 : $1.6145 (Apr 20 high)

The current price: $1.6118

Support 1 : $1.6075 (Apr 23 low)

Support 2 : $1.6005 (Apr 19 low)

Support 3 : $1.5960/70 (area of Apr 13-17 high)

European bourses are initially seen trading higher, reflecting the afternoon bounce in the US: the FTSE up 19, the DAX up 45 and the CAC up 17.

Switzerland: Trade Balance, March 1.68 (forecast 1.99)

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.