Tech on GBP/USD

Market news

3 May 2012

Tech on GBP/USD

Resistance 3 : $1.6300 (Apr 30 high)

Resistance 2 : $1.6245 (May 1 high)

Resistance 1 : $1.6205 (high of the American session on May 2)

The current price: $1.6184

Support 1 : $1.6150/60 (Apr 27 low, May 2 low)

Support 2 : $1.6080 (Apr 25 low)

Support 3 : $1.6035 (Apr 20 low)

European bourses are seen trading higher Thurdsday, reflecting the late bounce in the US: the FTSE up 15, the DAX up 30 and the CAC up 13.

United Kingdom: Nationwide house price index , April -0.2% (forecast +0.6%)

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