• Tech on GBP/USD

Market news

3 May 2012

Tech on GBP/USD

 

Resistance 3 : $1.6280 (resistance line from April’2011)

Resistance 2 : $1.6240 (May 1-2 high)

Resistance 1 : $1.6200 (session high, the top border of down channel from Apr 30)

Current price: $1.6184

Support 1 : $1.6160/50 (area of session low and Apr 26-27 and May 2 lows)

Support 2 : $1.6120 (the bottom border of down channel from Apr 30)

Support 3 : $1.6080 (area of Apr 23 and 25 lows)


 

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