FX & CFD trading involves significant risk
12:01 Tech on GBP/USD
Resistance 3: $ 1.5320 (February 22 high)
Resistance 2: $ 1.5222 (February 26 and 26 high)
Resistance 1: $ 1.5120 (session high)
Current price: $ 1.5043
Support 1: $ 1.4985 (March 1 low)
Support 2: $ 1.4960 (July 13, 2010 low)
Support 3: $ 1.4870 (July 1, 2010 low)
Comments: It should be noted that the 14-day relative strength index (RSI (14) at D1) is still below 30, which indicates oversold signals a possible change of the direction of price movement. We also add that at the four-hour chart has formed the convergence of the indicator MACD, which signals a possible change of the direction of price movement.
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