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INTRA-DAY GBP/USD OUTLOOK by AceTrader INTRA-DAY GBP/USD OUTLOOK by AceTrader
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GBP/USD - Pound Dollar Discuss the popular currency pair Pound Dollar.

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Old 07-15-2008, 02:58 AM   #1 (permalink)
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Default INTRA-DAY GBP/USD OUTLOOK by AceTrader
Updating time : 15 Jul 2008 02:30 GMT

Cable's breach of y'day's high at 1.9963 indica-
tes recent upmove is likely to extend to 1.9990/95
but near term loss of momentum shud prevent strg
gain beyond daily res at 2.0008 in Asia n risk has
increased for a retreat later.

Buy on dips with stop as indicated, below may
risk stronger pullback to 1.9900/10 b4 rebound...

Range Forecast
1.9960 / 1.9985

Resistance/Support
R: 2.0008/2.0029/2.0049
S: 1.9932/1.9915/1.9881

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