ISE FX British Pound: under pressure.

By IBTimes Staff Reporter | July 27 2010 11:20 AM

Update on supports and resistances.Resistance3 : 73Resistance2 : 70Resistance1 : 67.5Last Price : 64.65Pivot Point: 67.5Support1 : 63Support2 : 61Support3 : 60Pivot: 67.5Our preference: Short positions below 67.5 with targets @ 63 & 61 in extension.Alternative scenario: Above 67.5 look for further upside with 70 & 73 as targets.Comment: the pair has broken below its bullish channel lower boundary and remains under pressure.737067.564.65 (last)636160*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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