ISE FX British Pound: the upside prevails.

By Trading Central
12 March 2010 @ 09:20 am EDT

Update on supports and resistances.

Resistance3 : 73
Resistance2 : 70
Resistance1 : 68
Last Price : 66.01
Pivot Point: 65
Support1 : 65
Support2 : 63
Support3 : 61

Pivot: 65

Our preference: Long positions above 65 with targets @ 68 & 70 in extension.

Alternative scenario: Below 65 look for further downside with 63 & 61 as targets.

Comment: the pair is approaching its support and should post an up move as the RSI remains within a bullish channel.

73
70
68
66.01 (last)
65
63
61



*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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