INTRA-DAY GBP/USD OUTLOOK
Cable's weakness after early breach of Fri's
low of 1.5662 suggests downside bias remains for
decline fm Feb's high of 1.5993 to extend twds 1.56
44/48 sup area, however, nr term loss of momentum
wud limit downside to 1.5614 n yield rebound.
Sell cable on pullback twd 1.5698 with stop as
indicated, break wud defer but 1.5751 shud hold.
Range Forecast
1.5658 / 1.5695
Resistance/Support
R: 1.5698/1.5725/1.5751
S: 1.5644/1.5614/1.5573
Rate
1.5660
Strategy/Entry Level
Sell at 1.5690
Objective
1.5650
Stop-Loss
1.5710
Last Update At
12 Mar 2012 06:02 GMT