INTRA-DAY GBP/USD OUTLOOK
Cable's breach of 1.5651 to 1.5636 confirms the
correction fm Mon's 1.5603 low has ended earlier at
1.5749 n despite current recovery, reckon 1.5682
wud cap upside n yield weakness to 1.5622, below
wud confirm fall fm 1.5993 has resumed, 1.5603.
Sell on pullback with stop as indicated, break
wud risk stronger gain to 1.5706 res.
Range Forecast
1.5636 / 1.5670
Resistance/Support
R: 1.5682/1.5706/1.5749
S: 1.5622/1.5603/1.5531
Rate
1.5650
Strategy/Entry Level
Sell at 1.5670
Objective
1.5630
Stop-Loss
1.5690
Last Update At
15 Mar 2012 04:10 GMT