INTRA-DAY GBP/USD OUTLOOK
Cable's intra-day euro-led rebound suggests cau-
tion on our short, however, if our view that last
week's low of 1.5603 has formed a temp. top at 1.59
15 on Mon is correct, reckon upside wud be ltd n
price shud falter below 1.5900 n yield retreat.
Hold short with stop as indicated, break aborts
signals upmove has resumed to 1.5915 n 1.5933/37.
Range Forecast
1.5860 / 1.5890
Resistance/Support
R: 1.5900/1.5915/1.5937
S: 1.5831/1.5823/1.5800
Rate
1.5885
Position
Short at 1.5885
Strategy/Entry Level
Hold short
Objective
1.5845
Stop-Loss
1.5900
Last Update At
21 Mar 2012 02:29 GMT