by Thu, 06 May 2010 01:33:00 +0200
GBP/USD breaking lower
FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5098. Pound finally lose the 1.5120 strong support, and continues losing ground in this first Asian hours. Hourly indicators however are still flat giving no clear bias thus 4 hours ones show a symmetrical triangle.
“Bearish continuation formation: if 1.5060 support gives up, pair could extend the rally to levels under 1.5000 in current asian session,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.5080 1.5050 1.5010. Resistance levels: 1.5120 1.5160 1.5190.
| Technical Analysis (2010-05-05 23:28 GMT) | |
|---|---|
GBP/USD 1.50996/1.51049 - O: 1.50978 H: 1.5107 L: 1.5093 C: 1.51011 | |
| Trend | R3: 1.5172 |
 | R2: 1.5134 |
| R1: 1.5096 | |
| S1: 1.5011 | |
| S2: 1.5049 | |
| S3: 1.5087 | |
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