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British Pound: The Downside Prevails

By Trading Central on | More Posts By | Author's Website

Update on supports and resistances.

Resistance3:67
Resistance2:65.5
Resistance1:63.5
Last:60.64
Pivot:63.5
Support1:60
Support2:58.7
Support3:56
Pivot: 63.5

Our preference: Short positions below 63.5 with targets @ 60 & 58.7 in extension.

Alternative scenario: Above 63.5 look for further upside with 65.5 & 67 as targets.

Comment: the pair is on the downside and is approaching its support.

67
65.5
63.5
60.64 (last)
60
58.7
56

*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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