Fri, 04 Jun 2010 18:09:00 +0200

GBP/USD extends slide under 1.4500

FXstreet.com (Buenos Aires) – GBP/USD extend the slide to 1.4490 at the time of writing, as risk aversion finally took the lead; pair has broke under a daily ascendant trend line coming from past May 25th at 1.4258, today located at the 1.4560 zone. During the last hour, pair has lose over 70 pips after breaching the trend line, and now struggles under 1.4500 area.

Supports from current level come at 1.4450, past May 25th intraday high, followed by 1.4425, May 32th daily low. Intraday highs from past May in between 1.4520/30 should be next resistance level to look at, followed by a pullback to the mentioned 1.4560 zone.

Technical Analysis (2010-06-04 15:33 GMT)
GBP/USD 1.4515/1.4518 - O: 1.45138 H: 1.4515 L: 1.4507 C: 1.45144
Trend	R3: 1.4605
	R2: 1.4568
	R1: 1.4532
	S1: 1.4415
	S2: 1.4451
	S3: 1.4488