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Friday, 22 February 2008

iForex.bg

GBP/USD 1.9654 - 22 February
GBP/USD Open 1.9633 High 1.9683 Low 1.9389 Close 1.9581

The Cable climbed significantly against the US Dollar, and broke the short term resistances at 1.9500 and 1.9590, recovering for the week's losses in one day. Resistance for today is expected at 1.9685, followed by 1.9750, and 1.9840. In downward direction support is 1.9540, followed by 1.9420, and 1.9350.
Technical resistance levels: 1.9685 1.9750 1.9840
Technical support levels: 1.9540 1.9420 1.9350

Trading range: 1.9640 - 1.9715
Trend: Upward
Buy at 1.9654 SL 1.9624 TP 1.9704