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British Pound: Continuation Of The Rebound
By Trading Central on October 2, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 67 |
| Resistance2: | 65.5 |
| Resistance1: | 64 |
| Last: | 62.95 |
| Pivot: | 60.5 |
| Support1: | 60.5 |
| Support2: | 58.7 |
| Support3: | 57 |
Our preference: Long positions above 60.5 with targets @ 64 & 65.5 in extension.
Alternative scenario: Below 60.5 look for further downside with 58.7 & 57 as targets.
Comment: the RSI is well directed, the pair is on the upside and is approaching its resistance.
67
65.5
64
62.95 (last)
60.5
58.7
57
*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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