Tech for GBP / USD

Market news

24 July 2012

Tech for GBP / USD

Resistance 3: $ 1.5595 (MA (50) D1)

Resistance 2: $ 1.5580 (Jul 18 low, MA (200) H1)

Resistance 1: $ 1.5550 (Jul 17 low)

Current Price: $ 1.5527

Support 1: $ 1.5485 (Jul 23 low)

Support 2: $ 1.5390/10 (area of Jul 12-13 lows)

Support 3: $ 1.5340 (Jun 5 low)

France: Manufacturing PMI, July 43.6 (forecast 45.6)

European stocks as the Moody's announcement is seen weighing ont he Dax, called lower by 25, although the FTSE 100 is seen higher by 18 and Cac marginally higher, +4.

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