Resistance 3: $1.5350
Resistance 2: $1.5220
Resistance 1: $1.5050
Current price: $1.4945
Support 1: $1.4810
Support 2: $1.4530
Support 3: $1.4280
Comments:
The British pound slumped yesterday after Bank of England Governor
Mervyn King
said the U.K. economy will shrink through most of next year and policy
makers will cut interest rates further. In connection with sharp
falling of pair, it is difficult enough to define at present levels of
support. At the further decrease by the nearest support can actthe
level of a session low on $1,4810. Below lows of June and April 2002
on $1,4530 and $1,4280 accordingly are located. In case of restoration
the pair will encounter resistance in the field of levels FIBO from
falling $1,5880-$ 1,4810 on $1,5050 (23,6 %), $1,52220 (38,2 %) and
$1,5350 (50,0 %).