British Pound (GBP), Daily Review, August 23rd 2010

23 August 2010 @ 05:52 am EDT

The Pound fell versus the Dollar and yen as concern that the global economic recovery is slowing boosted demand for the safest assets. The GBP/USD has been trading very stable in the last week, the next support on the daily chart is 1.5480, if the price breaks this level a short position is preferred. Overall, GBP/USD traded with a low of 1.5460 and with a high of 1.5595.

 GBP/USD - Last: 1.5563

Resistance

1.5588

1.5700

  

Support

1.5500

1.5460

  

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