INTRA-DAY GBP/USD OUTLOOK
Although cable has retreated after y'day's rise
to 1.5834 n minor consolidation wud be seen, pull-
back wud be ltd to 1.5800 n yield resumption of up-
move fm Wed's low of 1.5698 for further gain to
1.5849 but o/bot condition wud cap price at 1.5884.
Buy on dips with stop as indicated n only below
1.5773 sup wud signal temp. top made, 1.5754/59.
Range Forecast
1.5800 / 1.5834
Resistance/Support
R: 1.5834/1.5849/1.5884
S: 1.5773/1.5759/1.5725
Rate
+1.5800+
Position
+Long at 1.5800+
Strategy/Entry Level
+Hold long+
Objective
1.5840
Stop-Loss
1.5780
Last Update At
09 Mar 2012 06:05 GMT