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GBP/USD Intra-day signal by AceTrader

By:

AceTrader

2010-09-02 03:28:36 GMT

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Forex Trading Strategy: Sell on further recovery for 1.5570 n only abv
y'day's 1.5660 top wud defer bearishness on cable.

INTRA-DAY GBP/USD: 1.5605

Last Update At 09 Feb 2010 02:20 GMT

Although cable's intra-day rebound fm 1.5565
(Aust.) after y'day's selloff fm 1.5660 in NY sug-
gests further 'choppy' trading abv y'day's temp.
low at 1.5535 wud continue, daily outlook remains
bearish for recent decline to resume later.

Sell on further recovery for 1.5570 n only abv
y'day's 1.5660 top wud defer bearishness on cable.

Range Forecast
1.5585 / 1.5625

Resistance/Support
R: 1.5630/1.5660/1.5708
S: 1.5565/1.5535/1.5513

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