ISE FX British Pound* ST: under pressure.

By IBTimes Staff Reporter | August 10 2009 10:20 AM

Update on supports and resistances.Resistance3 : 65.5Resistance2 : 63.1Resistance1 : 62Last Price : 60.36Pivot Point: 62Support1 : 58.7Support2 : 57Support3 : 55Pivot: 62Our preference: Short positions below 62 with targets @ 58.7 & 57 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) but the RSI calls for caution.65.563.16260.36 (last)58.75755*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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