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British Pound: Under Pressure
By Trading Central on April 15, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 77 |
| Resistance2: | 73.8 |
| Resistance1: | 70.9 |
| Last: | 66.91 |
| Pivot: | 70.9 |
| Support1: | 65 |
| Support2: | 63 |
| Support3: | 60 |
Our preference: Short positions below 70.9 with targets @ 65 & 63 in extension.
Alternative scenario: Above 70.9 look for further upside with 73.8 & 77 as targets.
Comment: the pair has struck against its new resistance and should face a further weakness as the RSI is bearish.
77
73.8
70.9
66.91 (last)
65
63
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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