Update on supports and resistances.

Resistance3 : 72
Resistance2 : 70.8
Resistance1 : 69
Last Price : 65.45
Pivot Point: 69
Support1 : 65
Support2 : 63
Support3 : 60

Pivot: 69

Our preference: Short positions below 69 with targets @ 65 & 63 in extension.

Alternative scenario: Above 69 look for further upside with 70.8 & 72 as targets.

Comment: the pair remains within a bearish channel and is challenging its support, the RSI is badly directed.

72
70.8
69
65.45 (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