INTRA-DAY GBP/USD OUTLOOK
Cable's aussie-led retreat after the release of
weak China PMI data suggests the recovery fm yester
day's low of 1.5817 has 'possibly' ended at 1.5885
n consolidation with downside bias wud be seen for
weakness to 1.5839 but break needed for 1.5817 sup.
Sell on pullback with stop as indicated, break
wud risk stronger gain to 1.5896/00 b4 down.
Range Forecast
1.5840 / 1.5875
Resistance/Support
R: 1.5885/1.5896/1.5924
S: 1.5839/1.5817/1.5800
Rate
1.5868
Strategy/Entry Level
Sell at 1.5875
Objective
1.5840
Stop-Loss
1.5895
Last Update At
22 Mar 2012 04:15 GMT