ISE FX British Pound: the upside prevails.

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Update on supports and resistances.

Resistance3 : 70
Resistance2 : 68
Resistance1 : 65.5
Last Price : 64.19
Pivot Point: 62
Support1 : 62
Support2 : 61
Support3 : 58.7

Pivot: 62

Our 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.

70
68
65.5
64.19 (last)
62
61
58.7

*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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