USD/GBP Index: The Downside Prevails.

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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

Pivot: 73.8

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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