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recent uptrend has made a temp. top, rebound fm
2.0971 (Aust.) suggests consolidation with nr term
upside bias is seen for a retrace. of this move,
however, reckon 2.1040/50 wud cap rebound in Asia.
Stand aside n look to buy dips for day trade but
abv 2.1050 needed to bring re-test of 2.1072...
Range Forecast
2.0985 / 2.1025
Resistance/Support
R: 2.1050/2.1072/2.1111
S: 2.0971/2.0955/2.0907
INTRA-DAY GBP/USD OUTLOOK: 2.1000
Updating time : 07 Nov 2007 23:46 GMT
Although y'day's strg retreat fm 2.1072 confirmsrecent uptrend has made a temp. top, rebound fm
2.0971 (Aust.) suggests consolidation with nr term
upside bias is seen for a retrace. of this move,
however, reckon 2.1040/50 wud cap rebound in Asia.
Stand aside n look to buy dips for day trade but
abv 2.1050 needed to bring re-test of 2.1072...
Range Forecast
2.0985 / 2.1025
Resistance/Support
R: 2.1050/2.1072/2.1111
S: 2.0971/2.0955/2.0907
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