Update on supports and resistances.

Resistance3 : 65.5
Resistance2 : 63.5
Resistance1 : 62
Last Price : 61.63
Pivot Point: 60
Support1 : 60
Support2 : 58.7
Support3 : 56

Pivot: 60

Our preference: Long positions above 60 with targets @ 62 & 63.5 in extension.

Alternative scenario: Below 60 look for further downside with 58.7 & 56 as targets.

Comment: the pair has rebounded on its support and is challenging its resistance, the RSI is mixed to bullish.

65.5
63.5
62
61.63 (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