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British Pound: Caution
By Trading Central on October 6, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 67 |
| Resistance2: | 65.5 |
| Resistance1: | 64 |
| Last: | 62.85 |
| Pivot: | 64 |
| Support1: | 61.75 |
| Support2: | 60.5 |
| Support3: | 58.7 |
Our preference: Short positions below 64 with targets @ 61.75 & 60.5 in extension.
Alternative scenario: Above 64 look for further upside with 65.5 & 67 as targets.
Comment: the RSI lacks upward momentum, the pair remains below its resistance.
67
65.5
64
62.85 (last)
61.75
60.5
58.7
*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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