INTRA-DAY GBP/USD OUTLOOK by AceTrader
Updating time : 02 Jun 2008 06:45 GMT
Cable's intra-day weakness ahead of London open
ing suggests last week's strg rebound fm 1.9674 has
ended on Friday at 1.9825 n re-test of said sup,
then 1.0640/50 is now envisaged.
Turn cautious seller for this move with stop as
indicated n oly abv 1.9740/45 wud signal a temp.
low is made, risk stronger recovery to 1.9770/75...
Range Forecast
1.9680 / 1.9705
Resistance/Support
R: 1.9745/1.9771/1.9825
S: 1.9674/1.9647/1.9613
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