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AceTrader's INTRA-DAY GBP/USD OUTLOOK AceTrader's INTRA-DAY GBP/USD OUTLOOK
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Old 07-21-2008, 06:46 AM   #1 (permalink)
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Default AceTrader's INTRA-DAY GBP/USD OUTLOOK
Updating time : 21 Jul 2008 06:02 GMT

As cable has fallen after brief recovery, sug-
gesting erratic decline fm 2.0162 top has possibly
resumed, however, break of 1.9906 sup is needed to
confirm n extend weakness to 1.9880 but reckon near
term o/sold condition wud keep price abv 1.9845/50.

Lower short entry with stop as indicated, abv
1.9970 wud prolong consolidation, 1.9990/91...

Range Forecast
1.9910 / 1.9940

Resistance/Support
R: 1.9998/2.0041/2.0073
S: 1.9906/1.9881/1.9839
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