DAILY GBP/USD OUTLOOK

Fri's anticipated rally abv 1.6173/76 confirms upmove fm Nov's 1.5828 low has resumed n abv 1.6218top wud bring further gain to 1.6235/45 but o/bot condition shud prevent strg rise abv there n reckon1.6273 wud cap upside today n yield retreat later.

Buy on dips with stop as indicated, below theremay risk stronger retracement to 1.6084 b4 rebound.

Resistance/Support
R: 1.6218/1.6273/1.6310
S: 1.6143/1.6110/1.6084

Last Update At
16 Dec 2012 23:11 GMT

Rate
1.6185

Strategy
Buy at 1.6155

Objective
1.6235

Stop-Loss
1.6110