Update on supports and resistances.
Resistance3 : 68 Resistance2 : 65.5 Resistance1 : 63.5 Last Price : 62.14 Pivot Point: 60 Support1 : 60 Support2 : 58.7 Support3 : 56
Our preference: Long positions above 60 with targets @ 63.5 & 65.5 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 breaking above its resistance, the RSI is well directed.
68 65.5 63.5 62.14 (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
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