10.10.2008 10:21

GBP/USD techs:

Resistance 3: $1.7780
Resistance 2: $1.7585
Resistance 1: $1.7320
Current price: $1.6833
Support 1: $1.6800
Support 2: $1.6540
Support 3: $1.5750
Comments: The dollar rose as the freeze in credit markets and global stock losses boosted demand for U.S. Treasuries. Banks' reluctance to lend to each other also caused a shortage of dollars for funding, accelerating the currency's gain. Support is located in a session low on $1,6800, stronger level is $1,6540 (61,8% FIBO from growth $1,3670-$ 2,160), further is possible falling to $1,5450 (76,4 %).Resistance is presented by levels FIBO from falling $1,8670-$ 1,6900: $1,7320 (23,6%), $1,7585 (38,2%) and $1,7780 (50,0%).






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