ISE FX British Pound* ST: rebound.

 @ibtimes on July 13 2009 10:20 AM

Update on supports and resistances.Resistance3 : 66.95Resistance2 : 65.5Resistance1 : 63.1Last Price : 62.1Pivot Point: 60Support1 : 60Support2 : 57Support3 : 55Pivot: 60Our 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.66.9565.563.162.1 (last)605755*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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