Update on supports and resistances.

Resistance3 : 70.8
Resistance2 : 69
Resistance1 : 66
Last Price : 62.64
Pivot Point: 66
Support1 : 61.6
Support2 : 60
Support3 : 57

Pivot: 66

Our preference: Short positions below 66 with targets @ 61.6 & 60 in extension.

Alternative scenario: Above 66 look for further upside with 69 & 70.8 as targets.

Comment: the pair is breaking below its bearish channel lower boundary, the RSI is on the downside.

70.8
69
66
62.64 (last)
61.6
60
57



*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