ISE FX British Pound: the upside prevails.

By IBTimes Staff Reporter | February 22 2010 9:20 AM

Update on supports and resistances.Resistance3 : 70Resistance2 : 68Resistance1 : 65.5Last Price : 64.62Pivot 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 is breaking above its bullish channel upper boundary, the RSI is well directed.706865.564.62 (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

Sponsorship Link

Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

Alibaba Subsidiary Lets Small And Medium Sized-Companies Hedge Against Fluctuating Yuan

Alibaba Subsidiary Lets Small And Medium Sized-Companies Hedge Against Fluctuating Yuan

Eurozone Leaders Try to Tackle Tax Evasion

Eurozone Leaders Try to Tackle Tax Evasion

Radical AfD Political Party Could Disrupt German Elections

Radical AfD Political Party Could Disrupt German Elections

In Depth

Africa's Economic Future Depends On Local Ownership, Entrepreneurship & Big Ideas

Africa's Economic Future Depends On Big Ideas

Afghanistan After The United States And NATO Leave: Economic Boomtown, Or A Disaster Waiting To Happen?

Afghanistan After The West: Boomtown Or Disaster?

3D Printing Risks: Not Just Plastic Guns, But Military Parts, Drugs And Chemical Weapons

3-D Printing: Plastic Guns Should Be The Least Of Our Worries

Whatever Happened To Libyan Oil? For Western Oil Giants, The Crude Is Sweet But China And Russia May Get The Biggest Taste

Two Years After Revolution, Whatever Happened To Libyan Oil?

web counter