USD/GBP Index: Capped By A Negative Trend Line.

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USD/GBP Index: Capped By A Negative Trend Line.

By Trading Central on March 30, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	77
Resistance2:	73.8
Resistance1:	70.9
Last:	70.63
Pivot:	70.9
Support1:	66.8
Support2:	65
Support3:	60

Pivot: 70.9

Our preference: Short positions below 70.9 with targets @ 66.8 & 65 in extension.

Alternative scenario: Above 70.9 look for further upside with 73.8 & 77 as targets.

Comment: the pair is rebounding on its rising trend line but stands below its resistance.

77
73.8
70.9
70.63 (last)
66.8
65
60

*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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