Market news
01.08.2011, 05:02

Techs on GBP/USD

Resistance 3:$1.6600          
Resistance 2:$1.6550         
Resistance 1:$1.6480         
Current price: $1.6426
Support 1: $1.6380          
Support 2: $1.6260          

Support 3: $1.6120  


Comments: Pound weakens now with support comes at morning lows around $1.6380. Break under widens losses to Jul 29 lows around $1.6260 and then - to $1.6120 (50.0% Fibo of $1.5780-$1.6480 rise). Resistance is near Asian high on $1.6480. Above the target comes at May 31 high on $1.6550.

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