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INTRA-DAY GBP/USD OUTLOOK by AceTrader
By: - 08-10-2008
0votesUpdating time : 08 Oct 2008 02:32 GMTDespite intra-day brief drop to 1.7427, subse-
quent rebound suggests further choppy consolidation
abv y'day's low at 1.7320 wud continue n gain twd
1.7559 can't be ruled out, reckon 1.7600/05 wud cap
upside n yield another decline later.
Below 1.7460 wud bring weakness to 1.7427 n 1.74
10. In view of present mixed outlook, stand aside..Range Forecast 1.7490 / 1.7530 Resistance/Support R: 1.7559/1.7632/1.7660
S: 1.7427/1.7363/1.7320
Next Analysis: USD Remains Range-Bound - Morning Session - GMT
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