INTRA-DAY GBP/USD OUTLOOK
Despite cable's intra-day euro-led rebound to
1.5896, current cross-inspired retreat has retained
our view that rise fm last week's low of 1.5603 has
made a temp. top at 1.5915 on Mon n consolidation
with downside bias wud be seen for fall to 1.5831.
Hold short with stop as indicated, break signals
upmove has resumed to 1.5915 n 1.5933/37.
Range Forecast
1.5860 / 1.5890
Resistance/Support
R: 1.5896/1.5915/1.5937
S: 1.5831/1.5823/1.5800
Rate
1.5875
Position
Short at 1.5885
Strategy/Entry Level
Hold short
Objective
1.5845
Stop-Loss
1.5898
Last Update At
21 Mar 2012 06:12 GMT