🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Intra-Day GBP/USD Outlook: March 21, 2012

Published 03/21/2012, 05:12 AM
Updated 01/01/2017, 02:20 AM
GBP/USD
-
MAR
-

INTRA-DAY GBP/USD OUTLOOK

   Cable's present firm breach of Asian morning
high at 1.5896 due to cross-buying of sterling esp
vs eur suggests recent erratic rise fm 1.5603 has
resumed n abv Mon's 1.5915 high wud extend said
upmove to 1.5937 but 1.5993 top shud remain intact.
   Turn cautious buyer on pullback for this move n
only below 1.5870 signals intra-day high is made.

Range Forecast
+1.5910 / 1.5935+

Resistance/Support
R: 1.5915/1.5937/1.5993
S: 1.5870/1.5831/1.5800

Rate     
+1.5915+     

Position
+Long at 1.5915+

Strategy/Entry Level
+Hold long+

Objective     
+1.5945+     

Stop-Loss
+1.5900+
    
Last Update At
21 Mar 2012 08:56 GMT

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.