ISE FX British Pound: choppy.

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Update on supports and resistances.Resistance3 : 65.5Resistance2 : 63.5Resistance1 : 62Last Price : 61.62Pivot Point: 62Support1 : 58.7Support2 : 56Support3 : 53.5Pivot: 62Our preference: Short positions below 62 with targets @ 58.7 & 56 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 calls for caution.65.563.56261.62 (last)58.75653.5*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

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