Rally Pounds for 2 weeks finally got stuck in the area of 1.6428 last week, as the highest 1-year and can not survive long above level 1.6400. GBP/USD started the week with a correction down to level 1.6313, where the price finally bounced back to around level 1.6428. These currency pairs tend to seek support at level 1.6297 and resistance at level 1.6411.
Today is Tuesday, 12 - 04-2011 Price GBP/USD opened at level 1.6343
Resistance 3: 1.6525
Resistance 2: 1.6476
Resistance 1: 1.6411
Pivot Point: 1.6362
Support 1: 1.6297
Support 2: 1.6248
Support 3: 1.6183
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