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British Pound: Under Pressure 30/09/2010
Written by article default Thursday, 30 September 2010 12:25
Update on supports and resistances.
Pivot: 65.5
Our preference: Short positions below 65.5 with targets @ 62.5 & 61 in extension.
Alternative scenario: Above 65.5 look for further upside with 67.5 & 70 as targets.
Comment: the pair remains on the downside and is approaching its support.
70
67.5
65.5
63.14 (last)
62.5
61
60
*USD/GBP Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the BRITISH POUND.