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USD/GBP Index: The Downside Prevails.
By Trading Central on March 18, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 79 |
| Resistance2: | 77 |
| Resistance1: | 73.8 |
| Last: | 71.52 |
| Pivot: | 73.8 |
| Support1: | 69 |
| Support2: | 66.8 |
| Support3: | 65 |
Our preference: Short positions below 73.8 with targets @ 69 & 66.8 in extension.
Alternative scenario: Above 73.8 look for further upside with 77 & 79 as targets.
Comment: the RSI is capped by a MT declining trend line, the pair should strike against its resistance.
79
77
73.8
71.52 (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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