Market news
28.03.2011, 15:51

Techs on GBP/USD

Resistance 3:$1.6265         
Resistance 2:$1.6140       
Resistance 1:$1.6040         

Current price: $1.6033

Support 1: $1.5975          
Support 2: $1.5820          
Support 3: $1.5750         
Comments: Rate recovers, heading for a strong resistance at $1.6040 (23.6% Fibo of $1.6400 - $1.5930). Above the resistance comes at $1.6140 (Mar 25 high) and then - to $1.6265/70 (Mar 24 high). Support comes at $1.5975 (Mar 11, 15 and 17 lows). Below rate may decline to $1.5820 (Jan 31 lows)

 

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