15.10.2008 10:52

GBP/USD techs:

Resistance 3: $1.7925
Resistance 2: $1.7700
Resistance 1: $1.7560
Current price: $1.7480
Support 1: $1.7390
Support 2: $1.7260
Support 3: $1.6790
Comments: The dollar remains under pressure. The Commerce Department's report on retail sales is due at 12:30 GMT in Washington. Sales excluding autos probably fell 0.2 percent after a 0.7 percent decline the prior month, economists forecast. The nearest resistance is located in the field of Oct 7,8 and 14 highs on $1,7630/55. Above is possible growth to $1,7700 (50,0 % FIBO of falling $1,8675-$ 1,6790). Further is possible return to $1,7925 (61,8 %). As intermediate support acts the area of a session low on $1,7390. Below is located the level $1,7260 (23,6 %), further are possible falling to a Friday's low on $1,6790.






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