Published at 07:18(GMT) 22 Mar

GBPUSD

22 Mar GBP/USD Daily
07:10 - GBP Ended on the week's low on Fri., marking a failed test of the 1.5350~ area and setting up a continuation lower this week. Key ref pts are the 1.5050 pivot and the 1.4780 low. S/t, GBP can look to push downward off 1.4975 (so that's 1st resistance this am.) [NR]

R5: 1.5345 * 19-Feb low
R4: 1.524 16-9-Mar high volume
R3: 1.5145 19-Mar sell break
R2: 1.5050~ * fr 1-Mar pivot
R1: 1.4975 16-Mar low
S1: 1.487 10-Mar low
S2: 1.4845 top of 1-Mar low spike
S3: 1.478 * 1-Mar low
S4: 1.477 24-Apr-09 high
S5: 1.4675 * fr Nov-08 pivot