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