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Forex Market Outlook on Majors

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Forex Market Outlook on Majors

Tue, Jan 2 2007, 01:24 GMT

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INTRA-DAY GBP/USD OUTLOOK    +1.9637+

Updating time : 02 Jan 2007 00:01 GMT

Although cable has risen after finding buying
interest at 1.9600 (Aust.) n further gain to 1.9660
/65 cannot be ruled out, if our broad consolidative
outlook is correct, then res at 1.9680 shud limit
upside n yield retreat later.

Venture short on further rise, stop as indica-
ted n exit on subsequent fall as 1.9600 shud hold..

Range Forecast

+1.9635 / 1.9660+

Resistance/Support

R: 1.9680/1.9698/1.9749
S: 1.9600/1.9568/1.9516

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