09.10.2008 10:26

GBP/USD techs:

Resistance 3: $1.7850
Resistance 2: $1.7650
Resistance 1: $1.7320
Current price: $1.7248
Support 1: $1.7165
Support 2: $1.7040
Support 3: $1.6940
Comments: U.K. central bankers have canceled today's scheduled decision after lowering the benchmark rate to 4.5 percent and their next meeting is in November. After simultaneous decrease rates the pound has continued to sustain losses and has reached a low level against dollar since Jan 2006. Support is located in a sessionlow on $1,7165, stronger level is the area of Nov 2005 low on $1,7040. Below possible falling to $1,6940 (area of Nov 25-26th, 2003 low). Resistance is noted on $1,7320 (area of a session high, and also Oct 6-7low on). Further is possible growth to $1,7650 (high of Nov 7-8), and up to $1,7850 (area of high Oct 1 and 3).






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