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2.0907 in tandem with intra-day rally in euro, cur-
rent retreat fm 2.0949 suggests a minor top is in
place but below 2.0900 is needed to confirm n bring
retrace. of recent upmove to 2.0860/70 later.
Wud not advise buying cable again, suggest to
stand aside in the meantime...
Range Forecast
2.0915 / 2.0945
Resistance/Support
R: 2.0949/2.0975/2.1000
S: 2.0861/2.0821/2.0782
INTRA-DAY GBP/USD OUTLOOK: 2.0940
Updating time : 07 Nov 2007 04:30 GMT
Although cable rose strongly abv y'day's high at2.0907 in tandem with intra-day rally in euro, cur-
rent retreat fm 2.0949 suggests a minor top is in
place but below 2.0900 is needed to confirm n bring
retrace. of recent upmove to 2.0860/70 later.
Wud not advise buying cable again, suggest to
stand aside in the meantime...
Range Forecast
2.0915 / 2.0945
Resistance/Support
R: 2.0949/2.0975/2.1000
S: 2.0861/2.0821/2.0782
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