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10, lack of follow through buying suggests choppy
trading below y'day's high at 2.0825 wud continue n
pullback to 2.0760/70 cannot be ruled out b4 pros-
pect of another rise twds said res later.
Buy on dips with stop below 2.0747 sup as break
wud risk stronger correction to 2.0710/20 b4 up...
Range Forecast
2.0780 / 2.0805
Resistance/Support
R: 2.0825/2.0873/2.0900
S: 2.0777/2.0747/2.0689
INTRA-DAY GBP/USD OUTLOOK: 2.0793
Updating time : 01 Nov 2007 06:39 GMT
Despite intra-day brief bounce to around 2.0805/10, lack of follow through buying suggests choppy
trading below y'day's high at 2.0825 wud continue n
pullback to 2.0760/70 cannot be ruled out b4 pros-
pect of another rise twds said res later.
Buy on dips with stop below 2.0747 sup as break
wud risk stronger correction to 2.0710/20 b4 up...
Range Forecast
2.0780 / 2.0805
Resistance/Support
R: 2.0825/2.0873/2.0900
S: 2.0777/2.0747/2.0689
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