| Date: | 2011/03/23 |
| Time: | 14:09 (GMT +1) |
| Ticker: | GBP |
| Last: | 1.625 |
| Pivot: | 1.565 |
| 1st sup. | 1.565 |
| 2nd sup. | 1.525 |
| 3rd sup. | 1.475 |
| 1st res. | 1.65 |
| 2nd res. | 1.675 |
| 3rd res. | 1.705 |
| Title: | GBP/USD MT: further advance. |
| Summary: | Update on supports and resistances. |
| Story: | Pivot: 1.5650 Our preference: LONG position above 1.5650 with targets at 1.65 or even 1.6750. Alternative scenario: A break below 1.5650 would call for a further decline to 1.5250. Comment: the pair is challenging its resistance, the RSI is mixed to bullish. Trend: ST Ltd Upside; MT Range, we have been bullish since 19 JAN 2011 (1.599). Key levels Comment 1.7050 *** Horizontal resistance 1.6750 ** Horizontal resistance 1.6500 ** Horizontal resistance 1.625 Last 1.5650 ** MT pivot point 1.5250 *** Horizontal support 1.4750 *** Horizontal support |
