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USD/GBP Index: Continuation Of The Rebound
By Trading Central on February 17, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 77 |
| Resistance2: | 73.8 |
| Resistance1: | 71 |
| Last: | 70.11 |
| Pivot: | 66.8 |
| Support1: | 66.8 |
| Support2: | 65 |
| Support3: | 63 |
Our preference: Long positions above 66.8 with targets @ 71 & 73.8 in extension.
Alternative scenario: Below 66.8 look for further downside with 65 & 63 as targets.
Comment: the pair has rebounded on its support and is challenging its resistance.
77
73.8
71
70.11 (last)
66.8
65
63
*USD/GBP Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the BRITISH POUND. For details go to www.ise.com
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