ISE FX British Pound* ST: the downside prevails.

By IBTimes Staff Reporter | May 15 2009 10:20 AM

Update on supports and resistances.Resistance3 : 72Resistance2 : 70.8Resistance1 : 69Last Price : 65.61Pivot Point: 69Support1 : 65Support2 : 63Support3 : 60Pivot: 69Our 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.7270.86965.61 (last)656360*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

Sponsorship Link

Euro Set For Another Week of Disappointing Data

Euro Set For Another Week of Disappointing Data

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

In Depth

Moore Tornado Meteorology: Not Unusually Strong, No Definitive Climate Change Link Yet

How Strong Was The Oklahoma Tornado, In Historical Terms?

Oklahoma Tornado 2013: Photos And Footage Of The Twister's Devastation [PICTURES, VIDEO]

Photos And Footage Of Oklahoma Twister's Devastation

Atheists Fight Gideon Bibles With Books By Christopher Hitchens And Richard Dawkins In Georgia State Parks

What Would Jesus Read? Atheists Fight Bibles With Hitchens In Georgia Book Battle

Tesla’s First-Ever Profit Came Thanks To Selling Zero Emission Credits To Competitors, But It Insists It’s Not Dependent On Bartering CO2 Offsets

Without Carbon Credits, Tesla Would Not Be Profitable (Yet)

web counter