ISE FX British Pound: the upside prevails.

  @ibtimes on February 16 2010 9:22 AM

Update on supports and resistances.Resistance3 : 70Resistance2 : 68Resistance1 : 65.5Last Price : 63.78Pivot Point: 61Support1 : 61Support2 : 58.7Support3 : 56Pivot: 61Our 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.706865.563.78 (last)6158.756*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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