British Pound: The Upside Prevails
Update on supports and resistances.
| Resistance3: | 73 |
| Resistance2: | 70 |
| Resistance1: | 68 |
| Last: | 66.05 |
| Pivot: | 65 |
| Support1: | 65 |
| Support2: | 63 |
| Support3: | 61 |
Our preference: Long positions above 65 with targets @ 68 & 70 in extension.
Alternative scenario: Below 65 look for further downside with 63 & 61 as targets.
Comment: the pair is rebounding on its new support as the RSI remains within a bullish channel.
73
70
68
66.05 (last)
65
63
61
*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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