INTRA-DAY GBP/USD: 1.5948


Last Update At 02 Feb 2010 06:37 GMT


Although cable has recovered after anticipated
retreat fm 1.5975 to 1.5920 n sideways trading wud
be seen, as long as said res holds, consolidation
with downside bias remains, however, breach of 1.58
93 needed to confirm recovery fm 1.5850 is over.


Sell on pullback with stop as indicated, break
risks stronger retrace. of recent fall to 1.6018...

Range Forecast
1.5930 / 1.5970


Resistance/Support
R: 1.5980/1.6018/1.6068
S: 1.5910/1.5893/1.5850

www.acetraderfx.com