11.11.2008 11:55

GBP/USD techs:


Resistance 3: $1.5880

Resistance 2: $1.5820
Resistance 1: $1.5700
Current price: $1.5592
Support 1: $1.5540
Support 2: $1.5400
Support 3: $1.5260

Comments: Cable tested support around $1.5530/50, before bounced back. Still the pare remains under pressure and the break under Nov 7 low $1.5530 to confirm recent decline from $1.6670 has resumed, and fall to October 28 low at $1.5400 zone is likely. Key level remains at October 24 and 27 lows near $1.5270.
Resistance spotted at session high $1.5700. Stronger one is the sloping resistance line from October 20. currently at $1.5810/20 and Monday high $1.5880.






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