DAILY GBP/USD OUTLOOK - 1.6029
24 Sep 2013 07:26GMT

Despite sterling's retreat fm 1.6073 to 1.6017 in NY y'day, below said sup needed to signal recovery fm 1.5986 (Fri) has ended n bring resumption of decline fm last Wed's 8-month peak at 1.6163 to 1.5958, 'loss of momentum' wud keep cable abv 1.5920/25.

Sell again on intra-day recovery as only abv 1.6100 indicates pullback is over, risks 1.6142/47.

STRATEGY : Sell at 1.6060

OBJECTIVE : 1.5965

STOP-LOSS : 1.6098

RES : 1.6073/1.6100/1.6163

SUP : 1.6017/1.5986/1.5958