Market news
04.02.2011, 17:29

Techs on GBP/USD

Resistance 3: $1.6450          
Resistance 2:$1.6275/00  
Resistance 1:$1.6150          
Current price: $1.6086
Support 1: $1.6030          

Support 2: $1.5980

Support 3: $1.5920          

Comments: Rate tries to recover with resistance is around $1.6150 (hourly highs). Above there is a room for a rise up to $1.6275/00 (Nov 04 and Feb 03 highs). Above resistance is near $1.6450 (Jan 19'2010 high). Support comes at session low on $1.6030. Break under widen losses to $1.5980 and then - to $1.5920 (38.2% Fibo of $1.5340-$1.6280 move).

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