ISE FX British Pound: the upside prevails.

  on

Update on supports and resistances.

Resistance3 : 70
Resistance2 : 68
Resistance1 : 65.5
Last Price : 63.78
Pivot Point: 61
Support1 : 61
Support2 : 58.7
Support3 : 56

Pivot: 61

Our preference: Long positions above 61 with targets @ 65.5 & 68 in extension.

Alternative scenario: Below 61 look for further downside with 58.7 & 56 as targets.

Comment: the RSI is supported by a rising trend line, the pair has rebounded on its support and stands within a bullish channel.

70
68
65.5
63.78 (last)
61
58.7
56

*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

Join the Discussion