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Market News
20.12.2010, 06:52

Techs on GBP/USD

Resistance 3:$1.5760
Resistance 2:$1.5650
Resistance 1:$1.5530/50
Current price: $1.5510
Support 1: $1.5470/50
Support 2: $1.5440                 
Support 3: $1.5200

Comments: Cable remains under pressure. Back under Friday/sessin lows on $1.5470/50 (minor support) support comes at $1.5340 (Sep 14 lows) and stronger - at $1.5200 (Sep 07 lows). If consolidation occures the upside target is on $1.5530/50 (50% of Friday's fall). Above there is a room for a rise up to $1.5650/60 (Asian highs), then - to $1.5760.

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