Market news
13.01.2011, 07:35

Tech on GBP/USD

Resistance 3: $1.5910
Resistance 2: $1.5810
Resistance 1: $1.5780
Current price: $1.5747
Support 1:$1.5680
Support 1: $1.5610
Support 2: $1.5500

Comments: Rate remains within the upward channel from Jan 07, limited today by $1.5610/$1.5810 (strong support/resistance respectively). In Asia rate set stable within the 15-points range. Minor resistance is around yesterday's highs at $1.5780 with a break above opens the way to $1.5810/20, then - to $1.5910 (Dec 14 high). Support comes at  yesterday's hourly highs on $1.5680 with stronger - at channel line on $1.5610. Below losses may extend to $1.5500 (38.2% Fibo of $1.4225 - $1.6290 rise).

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