• Tech on GBP/USD

Market news

8 December 2010

Tech on GBP/USD

Resistance 3: $ 1.5890 (50,0% FIBO $1,6300-$ 1,5490)

Resistance 2: $ 1.5820 (Dec 7 high)

Resistance 1: $ 1.5770 (session high)

Current price: $1.5701 Support 1 : $1.5655 (Dec 6 low)

Support 2 : $1.5580 (Dec 3 low)

Support 3 : $1.5480 (Nov 30 low)

Comments: the pair sustains losses. The nearest support - $1,5655. Below decrease is possible to $1.5580. The nearest resistance - $1,5770. Above growth is possible to $1,5820.

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