Update on supports and resistances.

Resistance3 : 66.95
Resistance2 : 65.5
Resistance1 : 63.1
Last Price : 62.1
Pivot Point: 60
Support1 : 60
Support2 : 57
Support3 : 55

Pivot: 60

Our preference: Long positions above 60 with targets @ 63.1 & 65.5 in extension.

Alternative scenario: Below 60 look for further downside with 57 & 55 as targets.

Comment: the pair is rebounding on its strong support and is breaking above its declining trend line, the RSI is well directed.

66.95
65.5
63.1
62.1 (last)
60
57
55



*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