Market news
28.01.2011, 16:48

Techs on GBP/USD

Resistance 3:$1.6060         
Resistance 2:$1.5960
Resistance 1:$1.5880 
Current price: $1.5833
Support 1: $1.5830

Support 2: $1.5750

Support 3: $1.5650

Comments: Rate probes key support at $1.5830 (channel line from Jan 07). Break under widen losses to $1.5750 (Jan 25 lows). Further support is at $1.5650 (61.8% Fibo of $1.5400 - $1.6065). Resistance is around $1.5880, then - at $1.5960 (daily high). Above rate may be capped by $1.606 (Jan 18 high).



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