ISE FX British Pound: the upside prevails.

  @ibtimes on February 18 2010 9:20 AM

Update on supports and resistances.Resistance3 : 70Resistance2 : 68Resistance1 : 65.5Last Price : 64.19Pivot Point: 62Support1 : 62Support2 : 61Support3 : 58.7Pivot: 62Our preference: Long positions above 62 with targets @ 65.5 & 68 in extension.Alternative scenario: Below 62 look for further downside with 61 & 58.7 as targets.Comment: the pair stands within a bullish channel and is challenging its resistance.706865.564.19 (last)626158.7*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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