INTRA-DAY GBP/USD OUTLOOK
Despite cable's brief breach of y'day's low at
1.5651 to 1.5636, as intra-day minor rebound in
euro has also lifted the pound, suggesting sideways
trading wud be seen ahead of European open n gain
to 1.5682 can't be ruled out but 1.5706 shud hold.
Stand aside n look to sell on further rise as
only below 1.5636 wud extend to 1.5622 later.
Range Forecast
1.5636 / 1.5665
Resistance/Support
R: 1.5682/1.5706/1.5749
S: 1.5622/1.5603/1.5531
Rate
1.5661
Strategy/Entry Level
Stand aside
Last Update At
15 Mar 2012 06:10 GMT