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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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