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12:02 Tech on GBP/USD
Resistance 3: $ 1.6160 (MA (100) H4)
Resistance 2: $ 1.6130 (yesterday's high, MA (200) for H1)
Resistance 1: $ 1.6073 (session high)
Current price: $ 1.6029
Support 1: $ 1.6008/18 (January 4 and 7 low)
Support 2: $ 1.5960 (November 28 low)
Support 3: $ 1.5915/25 (November 22 and 23 low)
Comments: As the graph shows, in spite of the current growth of the pair above the resistance line, the true penetration does not, presumably, the currency in the near future will continue to decline. If you look at the H4 chart, we can see that the pair keep from falling much more can now support line, built between 1 June and 12 July 2012.
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