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