22.05.2008 10:43

GBP/USD techs:


Resistance 3: $1.9900
Resistance 2: $1.9800
Resistance 1: $1.9740
Current price: $1.9716
Support 1: $1.9670
Support 2: $1.9580
Support 3: $1.9450

Comments: Cable looks optimistic, holding around session highs near $1.9730/40 (strong resistance), with a break above will extend the rise to $1.9800. Key level comes at $1.9900 (May 02 high). Below $1.9670 correction may widen to 50% Fibo from May 19 at $1.9580/90. Below losses will extend to May 19 lows on $1.9450.






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