FX & CFD trading involves significant risk
12:00 Tech on GBP/USD
Resistance 3: $ 1.5200 (March 5 high)
Resistance 2: $ 1.5155 (March 6 high)
Resistance 1: $ 1.5109 (MA(200) for H1)
Current price: $ 1.5040
Support 1: $ 1.4960/65 (July 13 2010 low, session low)
Support 2: $ 1.4870 (July 1 2010 low)
Support 3: $ 1.4855 (June 25 2010 low)
Comments: It should be noted that the 14-day relative strength index (RSI (14) at D1), is below 30, which indicates a possible change in trend. It is also necessary to note that the four-hour chart has formed bullish divergence on the indicator MACD, which also indicates a possible change in the direction of price movement.
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