FX & CFD trading involves significant risk
Resistance 1: $1.6310
Current price: $1.6274
Support 1: $1.6240
Support 2: $1.6160
Support 3: $1.6100
Comments: Pound weakens after it earlier tried to recover and failed. Support comes at recent lows on $1.6240/50 with a break under widens losses to $1.6160 (Friday's lows). Further support is near Aug 11 lows on $1.6100/10. Resistance is placed at Friday's highs on $1.6310, then - on $1.6440 (channel line from Apr 28) and $1.6475/80.
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