07.08.2008 10:45

GBP/USD techs:


Resistance 3: $1.9640
Resistance 2: $1.9580
Resistance 1: $1.9520
Current price: $1.9500
Support 1: $1.9360
Support 2: $1.9280
Support 3: $1.9100
Comments: Sterling strengthening with resistance is near session high on $1.9520. Above here the rate may rebound to recent highs on $1.9580 and $1.9640. Below $1.9360 losses may widen to $1.9280. Key support is around $1.9100/30 (trend line from Jan 2002 and 50% Fibo of the $1.7091 - $2.1160 move).






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