INTRA-DAY GBP/USD OUTLOOK:
1.5737
Updating time :10 Nov 2008 06:41 GMT
Despite cable' brief but strg drop to 1.5674 in
European morning, subsequent rebound suggests
choppy consolidation wud be seen n gain to 1.5780
/85 cannot be ruled out, however, reckon 1.5817
(prev. sup, now res) shud cap upside.
Wud be prudent to exit short n stand aside for
now. Below 1.5674 wud bring weakness to 1.5642...
Range Forecast
1.5700 / 1.5750
Resistance/Support
R: 1.5817/1.5885/1.5959
S: 1.5674/1.5642/1.5595