INTRA-DAY GBP/USD OUTLOOK
Cable's current retreat fm 1.5662 suggests reco-
very fm y'day's low of 1.5603 has possibly ended
there n consolidation with mild downside bias wud
be seen ahead of European open, below 1.5620/25 wud
add credence to this view, 1.5603 again.
Hold short, stop now as indicated, abv wud risk
stronger retrace. of recent fall twds 1.5698 b4 dn.
Range Forecast
1.5620 / 1.5650
Resistance/Support
R: 1.5662/1.5698/1.5725
S: 1.5603/1.5586/1.5531
Rate
1.5650
Position
Short at 1.5660
Strategy/Entry Level
Hold short
Objective
1.5620
Stop-Loss
1.5665
Last Update At
13 Mar 2012 06:34 GMT