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Intra-Day GBP/USD Outlook: March 15, 2012

Published 03/15/2012, 12:26 AM
Updated 01/01/2017, 02:20 AM
GBP/USD
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MAR
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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

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