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

Published 03/21/2012, 05:12 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 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

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