ISE FX British Pound: under pressure.

By IBTimes Staff Reporter | August 03 2010 8:50 AM

Update on supports and resistances.Resistance3 : 70Resistance2 : 67.5Resistance1 : 66Last Price : 62.74Pivot Point: 66Support1 : 61Support2 : 60Support3 : 57Pivot: 66Our preference: Short positions below 66 with targets @ 61 & 60 in extension.Alternative scenario: Above 66 look for further upside with 67.5 & 70 as targets.Comment: the pair has broken below its bullish channel lower boundary and remains under pressure.7067.56662.74 (last)616057*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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