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British Pound: Under Pressure 24/09/2010
Written by article default Friday, 24 September 2010 09:10
Update on supports and resistances.
Pivot: 66
Our preference: Short positions below 66 with targets @ 62.5 & 61 in extension.
Alternative scenario: Above 66 look for further upside with 67.5 & 70 as targets.
Comment: the pair stands below its strong resistance and should face a weakness.
70
67.5
66
63.51 (last)
62.5
61
60
*USD/GBP Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the BRITISH POUND.