Market news
05.09.2011, 06:11

Techs on GBP/USD:

Resistance 3: $1.6450 
Resistance 2: $1.6330/60 
Resistance 1: $1.6250
Current price: $1.6177
Support 1: $1.6130 

Support 2: $1.6110 
Support 3: $1.6070

Comments: Rate tested Thursday's lows on $1.6130 and recovered a bit. If sales resume there is a risk of challenging the $1.6110 Aug 11 low and $1.6070 Jul 20 low. Resistance is near Friday's high on $1.6250/60. Further resistance comes at Aug 31 high at $1.6330 and Aug 29 high on $1.6450/55.

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