ISE FX British Pound* ST: rebound.

  @ibtimes on

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 challenging its resistance, the RSI is breaking above its MT declining trend line.

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

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