Update on supports and resistances.

Resistance3 : 67
Resistance2 : 65.5
Resistance1 : 63.5
Last Price : 60.37
Pivot Point: 63.5
Support1 : 58.7
Support2 : 56
Support3 : 53.5

Pivot: 63.5

Our preference: Short positions below 63.5 with targets @ 58.7 & 56 in extension.

Alternative scenario: Above 63.5 look for further upside with 65.5 & 67 as targets.

Comment: the RSI has broken below its rising trend line, the pair remains under pressure and is approaching its previous low.

67
65.5
63.5
60.37 (last)
58.7
56
53.5



*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