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INTRA-DAY GBP/USD OUTLOOK - 1.9668
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Updating time : 16 Jan 2007 11:18 GMT
Current rebound after trading abv 1.9625 sup
suggests consolidation wud be seen, however, as top
has been formed at 1.9710, upside shud be ltd to 1.
9680 n yield another decline but break of said sup
needed to bring stronger correction to 1.9600.
Trade fm short side, stop abv 1.9680, break
wud defer but said res shud remain intact...
Range Forecast
+1.9650 / 1.9680+
Resistance/Support
R: 1.9710/1.9752/1.9781
S: 1.9625/1.9571/1.9550
