Update on supports and resistances.

Resistance3 : 73.8
Resistance2 : 72
Resistance1 : 70
Last Price : 66.4
Pivot Point: 70
Support1 : 65
Support2 : 63
Support3 : 60

Pivot: 70

Our preference: Short positions below 70 with targets @ 65 & 63 in extension.

Alternative scenario: Above 70 look for further upside with 72 & 73.8 as targets.

Comment: the pair has struck against its bearish channel upper boundary and is challenging its support, the RSI is bearish.

73.8
72
70
66.4 (last)
65
63
60



*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