Market news
06.07.2011, 04:18

Techs on GBP/USD

Resistance 3:$1.6260          
Resistance 2:$1.6180
Resistance 1:$1.6130        
Current price: $1.6051
Support 1: 1.6040
Support 2: $1.6000
Support 3: $1.5910


Comments: Rate weakens again after it tries to recover, but failed. Support is around recent lows on $1.6040, stronger - at $1.6000 (channel line from Jun'28). Below losses may widen to $1.5910 (Jun'28 lows). Initial resistance remains at $1.6130 (yesterday's high). Stronger level is around channel line at $1.6180. Break above targets $1.6260 (Jun'22 high).

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