Resistance 3: $1.8120
Resistance 2: $1.7970
Resistance 1: $1.7850
Current price: $1.7850
Support 1: $1.7750
Support 2: $1.7680
Support 3: $1.7440
Comments: The pound remains
under pressure amid EU banking system turbulence. Support comes at
yesterday’s low on $1.7750 with a break under will widen losses to
$1.7680. Strong support comes at Sep 11 low on $1.7440. Resistance is
around session highs on $1.7850 with stronger – at $1.7970/80 (23.6% of
the $1.8670-$1.7750 decline).