Tech on GBP/USD

Market news

18 March 2011

Tech on GBP/USD

Resistance 3: $ 1.6340 (Mar 7 high)

Resistance 2: $ 1.6240 (Mar 9 high)

Resistance 1: $ 1.6190 (session high, Mar 14 high)

Current price: $1.6154

Support 1 : $1.6100 (session low)

Support 2 : $1.5975 (Mar 11, 15 and 17 high)

Support 3 : $1.5820 (Jan 31 low)

Comments: the pair becomes stronger. The nearest support $1.6100. Below is possible testings of around $1.5975. The nearest resistance $1.6190. Above growth is possible to $1.6240.

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