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

Published 03/15/2012, 02:22 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 subsequent recovery, reckon 1.5682
wud cap upside n yield weakness twds 1.5622, below
signals fall fm 1.5993 has resumed, 1.5603 again.
   Sell on pullback with stop as indicated, break
wud risk stronger gain to 1.5706 res.

Range Forecast
1.5636 / 1.5665

Resistance/Support
R: 1.5682/1.5706/1.5749
S: 1.5622/1.5603/1.5531

Rate     
1.5646     

Strategy/Entry Level
Sell at 1.5665

Objective     
1.5625     

Stop-Loss
1.5685
    
Last Update At
15 Mar 2012 05:43 GMT

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