Pound had bounced from lows yesterday but got stuck at 1.6190 resistance level of 1.6362, followed by a drastic weakening of 100 points after UK manufacturing output reported worse than expected. These currency pairs tend to seek support at level 1.6268 and resistance at level 1.6363.
Today is Friday, 8 - 04-2011 Price GBP/USD opened at level 1.6321
Resistance 3: 1.6458
Resistance 2: 1.6408
Resistance 1: 1.6363
Pivot Point: 1.6313
Support 1: 1.6268
Support 2: 1.6218
Support 3: 1.6173
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