ISE FX British Pound: the downside prevails.

By Trading Central
02 November 2009 @ 08:50 am EDT

Update on supports and resistances.

Resistance3 : 67
Resistance2 : 65.5
Resistance1 : 63.5
Last Price : 61.11
Pivot Point: 63.5
Support1 : 60
Support2 : 58.7
Support3 : 56

Pivot: 63.5

Our preference: Short positions below 63.5 with targets @ 60 & 58.7 in extension.

Alternative scenario: Above 63.5 look for further upside with 65.5 & 67 as targets.

Comment: the pair is on the downside and is challenging its support.

67
65.5
63.5
61.11 (last)
60
58.7
56



*USD/GBP Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the BRITISH POUND. For details go to www.ise.com

For more forex information go to www.tradingcentral.com

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