05.08.2008 13:40

GBP/USD techs:

Resistance 3: $1.9840

Resistance 2: $1.9760

Resistance 1: $1.9680
Current price: $1.9567
Support 1: $1.9530
Support 2: $1.9460

Support 3: $1.9360

Comments: Sterling reached lower bound of the 4-days range at $1.9530. Break above will open the way to $1.9460. Strong support comes near $1.9370/65 (Jan, Fen and May lows). Resistance is around the channel line from Jul 15 at $1.9680 (broken yesterday). Back above will target Mondays highs on $1.9760, then – on $1.9840.






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