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63 (Aust.) suggests consolidation with mild upside
bias wud be seen n gain to 2.0810/20 can't be ruled
out but as a top has been formed y'day at 2.0875,
reckon 2.0840/50 wud hold n yield a retreat later.
Stand aside n look to sell recovery. Below said
sup brings another corrective fall to 2.0730/35...
Range Forecast
+2.0770 / 2.0800+
Resistance/Support
R: 2.0825/2.0852/2.0875
S: 2.0755/2.0720/2.0689
INTRA-DAY GBP/USD OUTLOOK: 2.0800
Updating time : 02 Nov 2007 04:27 GMT
Cable's recovery after marginal weakness to 2.0763 (Aust.) suggests consolidation with mild upside
bias wud be seen n gain to 2.0810/20 can't be ruled
out but as a top has been formed y'day at 2.0875,
reckon 2.0840/50 wud hold n yield a retreat later.
Stand aside n look to sell recovery. Below said
sup brings another corrective fall to 2.0730/35...
Range Forecast
+2.0770 / 2.0800+
Resistance/Support
R: 2.0825/2.0852/2.0875
S: 2.0755/2.0720/2.0689
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