Market news
27.12.2010, 16:29

Techs on GBP/USD

Resistance 3:$1.5630/50   
Resistance 2:$1.5580
Resistance 1:$1.5440
Current price: $1.5388
Support 1: $1.5350                
Support 2: $1.5300                 
Support 3: $1.5120                 

Comments: Rate remains under pressure, heading for support at $1.5350 (Dec 22 lows). Below losses may dip to $1.5300 (Sep lows). Resistance is around channel line from Dec 14 at $1.5440. Above gains may extend to $1.5580 (Dec 20 high). Stronger level comes at $1.5630/50 (Dec 17 high, 50,0% Fibo of $1.5910-$1.5350).

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