21.11.2008 10:17

GBP/USD techs:

Resistance 3: $1.5220
Resistance 2: $1.5060
Resistance 1: $1.4870
Current price: $1.4862
Support 1: $1.4655
Support 2: $1.4555
Support 3: $1.4280
Comments: Pound's growth against yen supports GBP/USD. As intermediate resistance acts the level $1,4870 (23,6 % FIBO of falling $1,5880-$ 1,4555). Above are located levels $1,5060 (38,2 %) and $1,5220 (50,0 %). As the nearest support acts the area of Friday's and Monday's low on $1,4655. Below is lokated the level of last Thursday's low on $1,4555 (the level $1,4530 is area of low of June 2002). Further decrease in area $1,4280 (low of April 2002) is possible.






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