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INTRA-DAY GBP/USD OUTLOOK - 1.8895
Updating time :16 Nov 2006 04:35 GMT
Cable has traded with a firm tone after y'day's
rebound fm 1.8838 n consolidation with upside bias
is seen for retracement of recent decline to 1.8930
/35 but o/bot condition is expected to cap price
well below 1.8967/78 res area in Asia.
Buy on dips for 1.8905 n if price rises to 1.89
30 1st, sell for 1.8895 but 1.8860 shud hold...
Range Forecast
1.8885 / 1.8909
Resistance/Support
R: 1.8925/1.8979/1.8998
S: 1.8860/1.8838/1.8800
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