Walter Spencer CHIEF INVESTMENT OFFICER walter.spencer@albertospencer.

com
Date: Time: Ticker: Last: Pivot:
st

2012/05/17 16:23 (GMT +1) GBP 1.583 1.59

1 sup. 1.579 2nd sup. 1.576 3rd sup. 1.5735 1st res. 2
nd rd

1.59 1.6 GBP/USD intraday: under pressure. Pivot: 1.59 Our preference: Short positions below 1.59 with targets @ 1.579 & 1.576 in extension. Alternative scenario: Above 1.59 look for further upside with 1.595 & 1.6 as targets. Comment: the pair stands below its new resistance and remains under pressure. Key levels 1.6 1.595 1.59 1.583 last 1.579 1.576 1.5735

res. 1.595

3 res. Title: Story:

Summary: Update on supports and resistances.

Walter Spencer CHIEF INVESTMENT OFFICER walter.spencer@albertospencer.com