Update on supports and resistances.

Resistance3 : 65.5
Resistance2 : 63.5
Resistance1 : 62
Last Price : 61.39
Pivot Point: 62
Support1 : 60
Support2 : 58.7
Support3 : 56

Pivot: 62

Our preference: Short positions below 62 with targets @ 60 & 58.7 in extension.

Alternative scenario: Above 62 look for further upside with 63.5 & 65.5 as targets.

Comment: the pair has rebounded on its support and is approaching its resistance, the RSI lacks upward momentum.

65.5
63.5
62
61.39 (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