ISE FX British Pound: the upside prevails.

By @ibtimes on

Update on supports and resistances.

Resistance3 : 73
Resistance2 : 70
Resistance1 : 68
Last Price : 66.8
Pivot Point: 65
Support1 : 65
Support2 : 63
Support3 : 61

Pivot: 65

Our preference: Long positions above 65 with targets @ 68 & 70 in extension.

Alternative scenario: Below 65 look for further downside with 63 & 61 as targets.

Comment: the pair has broken above its bullish channel upper boundary, the RSI is well directed.

73
70
68
66.8 (last)
65
63
61

*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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