USD/GBP Index: Continuation Of The Rebound.

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USD/GBP Index: Continuation Of The Rebound.

By Trading Central on March 9, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	79
Resistance2:	77
Resistance1:	73.8
Last:	72.35
Pivot:	69
Support1:	69
Support2:	66.8
Support3:	65

Pivot: 69

Our preference: Long positions above 69 with targets @ 73.8 & 77 in extension.

Alternative scenario: Below 69 look for further downside with 66.8 & 65 as targets.

Comment: the RSI is supported by a MT rising trend line, the pair remains well directed.

79
77
73.8
72.35 (last)
69
66.8
65

*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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