06.10.2008 10:22

GBP/USD techs:

Resistance 3: $1.7980
Resistance 2: $1.7820

Resistance 1: $1.7700
Current price: $1.7588
Support 1: $1.7550
Support 2: $1.7440
Support 3: $1.7300
Comments: The U.S. Congress approved a financial-market bailout on Oct. 3, authorizing the government to spend as much as $700 billion buying troubled assets from financial institutions reeling from record home foreclosures. The dollar supported by the given fact has continued to become stronger against pound. Support is located on area of Oct 2-3 low on $1,7550/60, stronger level is the area of Sep 11low on $1,7440. Below possible falling to $1,7300. Resistance is noted on $1,7700 (session high), further is located stronger level $1,7820 (23.6 % Fibo of falling $1,8670-$ 1,7550). Above the purpose of growth can become $1,7980 (38,2 %).






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