INTRA-DAY GBP/USD OUTLOOK
Cable's intra-day rebound after finding renewed
buying at 1.5725 suggests nr term rise fm y'day's
low of 1.5698 to retrace recent decline has possi-
bly resumed n breach of y'day's European 1.5759 top
wud confirm, yield stronger gain to 1.5782 later.
Buy on dips with stop as indicated, break wud
risk stronger pullback but 1.5698 sup shud hold.
Range Forecast
+1.5745 / 1.5773+
Resistance/Support
R: 1.5782/1.5803/1.5849
S: 1.5725/1.5698/1.5673
Rate
+1.5765+
Strategy/Entry Level
Buy at +1.5745+
Objective
1.5775
Stop-Loss
+1.5725+
Last Update At
08 Mar 2012 07:15 GMT