ISE FX British Pound* ST: under pressure.

By @ibtimes on

Update on supports and resistances.

Resistance3 : 65.5
Resistance2 : 63.1
Resistance1 : 62
Last Price : 60.69
Pivot Point: 62
Support1 : 58.7
Support2 : 57
Support3 : 55

Pivot: 62

Our 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.

65.5
63.1
62
60.69 (last)
58.7
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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