Update on supports and resistances.

Resistance3 : 77
Resistance2 : 73.8
Resistance1 : 70.9
Last Price : 67.9
Pivot Point: 70.9
Support1 : 67
Support2 : 65
Support3 : 63

Pivot: 70.9

Our preference: Short positions below 70.9 with targets @ 67 & 65 in extension.

Alternative scenario: Above 70.9 look for further upside with 73.8 & 77 as targets.

Comment: the RSI is still capped by a MT declining trend line, the pair has struck against its ST bearish channel upper boundary and should face a further weakness.

77
73.8
70.9
67.9 (last)
67
65
63



*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