08.08.2008 11:46

GBP/USD techs:

Resistance 3: $1.9640

Resistance 2: $1.9580

Resistance 1: $1.9520
Current price: $1.9287
Support 1: $1.9260
Support 2: $1.9180

Support 3: $1.9100

Comments: Sterling remains under pressure. Below $1.9260 losses may widen to $1.9180. Key support is around $1.9100/30 (trend line from Jan 2002 and 50% Fibo of the $1.7091 - $2.1160 move). Resistance is near last session high on $1.9520. Above here the rate may rebound to recent highs on $1.9580 and $1.9640.






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