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Wednesday, 31 October 2007

iForex.bg

GBP/USD 2.0700 - 31 October
GBP/USD Open 2.0680 High 2.0742 Low 2.0573 Close 2.0668

The Sterling continued its upward trend after breaking the resistance 2.0640. Next resistances upwards are 2.0697, 2.0870 and 2.1020. In downward direction support is given at 2.0567 and 2.0475, as well as 2.0295, which is 50.5% correction of the climb 1.9880 - 2.0690.
Technical resistance levels: 2.0697 2.0870 2.1020
Technical support levels: 2.0567 2.0475 2.0295

Trading range: 2.0690 - 2.0770
Trend: Upward
Buy at 2.0700 SL 2.0670 TP 2.0760