14.11.2008 10:40

GBP/USD techs:

Resistance 3: $1.5220
Resistance 2: $1.5060
Resistance 1: $1.4930
Current price: $1.4802
Support 1: $1.4555
Support 2: $1.4280
Support 3: $1.4040
Comments: Falling of dollar against pound remains limited by expectations of the further decrease in a discount rate by Bank of England. As the nearest support the level of a yesterday's low on $1,4555 (the level $1,4530 is area of a low of June 2002) acts. Below the level $1,4280 (low of April 2002) is located. Overcoming of the given mark will open road to area of low of 2002 on $1,4040. In case of restoration by intermediate resistance there will be an area of a session high on $1,4930. Above are located FIBO levels from falling $1,5880-$ 1,4555 on $1,5060 (38,2 %) and $1,5220 (50,0 %).






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