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Intra-Day GBP/USD Outlook: March 12, 2012

Published 03/12/2012, 05:41 AM
Updated 01/01/2017, 02:20 AM
GBP/USD
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MAR
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INTRA-DAY GBP/USD OUTLOOK

   Although cable has rebounded in tandem with euro
in European morning after finding renewed buying at
1.5667 n abv 1.5698 (prev. sup, now res) wud yield
stronger retrace. to 1.5713/15, reckon 1.5725 shud
hold fm here n yield another retreat later.
  Sell on further recovery for 1.5675 n only abv 1.
5751 wud signal low made at 1.5656 earlier today.

Range Forecast
1.5680 / 1.5710

Resistance/Support
R: 1.5698/1.5725/1.5751
S: 1.5656/1.5644/1.5613

Rate     
1.5695     

Strategy/Entry Level
Sell at 1.5710

Objective     
1.5675     

Stop-Loss
1.5730
    
Last Update At
12 Mar 2012 09:28 GMT

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