Update on supports and resistances.

Resistance3 : 65.5
Resistance2 : 63.1
Resistance1 : 62
Last Price : 59.31
Pivot Point: 62
Support1 : 57
Support2 : 55
Support3 : 53

Pivot: 62

Our preference: Short positions below 62 with targets @ 57 & 55 in extension.

Alternative scenario: Above 62 look for further upside with 63.1 & 65.5 as targets.

Comment: the pair is pulling back on its new resistance (former support) before a new down move.

65.5
63.1
62
59.31 (last)
57
55
53



*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