Home » Forex » British Pound: Rebound Expected
Trading Central

British Pound: Rebound Expected

By Trading Central on July 2, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:66.95
Resistance2:65.5
Resistance1:63.1
Last:61.14
Pivot:60
Support1:60
Support2:57
Support3:55
Pivot: 60

Our preference: Long positions above 60 with targets @ 63.1 & 65.5 in extension.

Alternative scenario: Below 60 look for further downside with 57 & 55 as targets.

Comment: the pair is rebounding on its strong support and is breaking above its declining trend line.

66.95
65.5
63.1
61.14 (last)
60
57
55

*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

Check Out These Related Posts:

If you like this article please...
Subscribe by RSS Subscribe by Email Email This Post To A Friend Email This Post To A Friend

Leave A Comment :

Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.
Recent Market Opinions:
Recent News:



HEADLINES
Electronic Arts’ Net Falls
UPCOMING EVENTS
In 4 hrs: USD API U.S. Crude Oil Inventories (FEB 5)
In 4 hrs: USD API U.S. Gasoline Inventories (FEB 5)
In 4 hrs: NZD NZ Card Spending (MoM) (JAN)
In 5 hrs: USD ABC Consumer Confidence (FEB 7)
In 6 hrs: AUD Westpac Consumer Confidence (FEB)
Enter Your Email Address
Theme By: WordPress Theme Shop