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Intra-Day GBP/USD Outlook: March 9, 2012

Published 03/09/2012, 01:19 AM
Updated 01/01/2017, 02:20 AM
GBP/USD
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MAR
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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

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