02.07.2009 13:40

Techs on GBP/USD:

Resistance 3:$1.6740
Resistance 2:$1.6560
Resistance 1:$1.6500348437
Support 1: $1.6330
Support 2: $1.6200
Support 3: $1.6020
COMMENTS: The pair continues to sustain losses. Support comes at $1.6330 (session low) with a break under will strengthen bearish momentum down to $1.6200 (area of session lows of two last weeks). Below there is a level of 23,6 % FIBO of $1,3650-$ 1,6740 growth on $1.6020. Resistance comes at session high on $1.6500 with stronger – on $1.6560 (50% Fibo of $1.6740 - $1.6380 decline). Above the target is around $1.6740 (Jun 30 highs).






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