INTRA-DAY GBP/USD OUTLOOK by AceTrader
Updating time : 26 May 2008 06:06 GMT
Cable's sideways trading below last Friday's
high at 1.9852 is likely to continue n a breach of
1.9786/90 wud bring minor correction to 1.9755 b4
prospect of a rebound later.
Stand aside n buy on dips for day trade. Abv
1.9852 wud yield one more rise twds 1.9890/00 b4
strg retreat occurs due to 'loss of momentum'..
Range Forecast
+1.9786 / 1.9810+
Resistance/Support
R: 1.9829/1.9852/1.9880
S: 1.9786/1.9755/1.9738
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