ISE FX British Pound: the upside prevails.

  @ibtimes on March 09 2010 9:50 AM

Update on supports and resistances.Resistance3 : 73Resistance2 : 70Resistance1 : 68Last Price : 66.73Pivot Point: 65Support1 : 65Support2 : 63Support3 : 61Pivot: 65Our 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 rebounded on its new support as the RSI stands within a bullish channel.73706866.73 (last)656361*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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