Intraday Forex Signal by AceTrader - GBP/USD

Updating time : 09 Apr 2009 07:43 GMT

Rate: +1.4700+

Cable's retreat after brief bounce to around
1.4741 suggests intra-day downside risk remains for
marginal weakness below 1.4704 but reckon price wud
hold abv well abv 1.4667 n yield a rebound later
but abv 1.4741 needed to bring re-tset of 1.4780.

Exit long n buy again on dips with stop as
indicated n only below 1.4667 risks fall to 1.4635.

Range Forecast
1.4704 / 1.4740

Resistance/Support
R: 1.4780/1.4816/1.4880
S: 1.4704/1.4667/1.4635

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