INTRA-DAY GBP/USD OUTLOOK
Although cable has rebounded after extending
decline fm Feb's high of 1.5993 to 1.5603 y'day n
minor consolidation wud be seen, as long as 1.5876/
80 holds, another retreat is still likely but be-
low said sup needed to extend to 1.5579/86.
Sell on recovery with stop as indicated, break
wud risk stronger gain to 1.5698.
Range Forecast
1.5620 / 1.5660
Resistance/Support
R: 1.5698/1.5725/1.5751
S: 1.5603/1.5586/1.5531
Rate
1.5658
Position
Short at 1.5660
Strategy/Entry Level
Hold short
Objective
1.5620
Stop-Loss
1.5680
Last Update At
13 Mar 2012 04:04 GMT