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holds, recent decline is likely to extend marginal-
ly twds 2.0400, however, loss of momentum wud keep
price abv 2.0375/80 in Asia n bring rebound later
but renewed selling shud emerge below 2.0500.
Incline to buy dips for 2.0445 or if cable re-
covers to 2.0470 1st, sell for 2.0430...
Range Forecast
+2.0405 / 2.0435+
Resistance/Support
R: 2.0462/2.0507/2.0543
S: 2.0408/2.0370/2.0326
INTRA-DAY GBP/USD OUTLOOK: 2.0431
Updating time :16 Nov 2007 02:30 GMT
Current price action suggests as long as 2.0462holds, recent decline is likely to extend marginal-
ly twds 2.0400, however, loss of momentum wud keep
price abv 2.0375/80 in Asia n bring rebound later
but renewed selling shud emerge below 2.0500.
Incline to buy dips for 2.0445 or if cable re-
covers to 2.0470 1st, sell for 2.0430...
Range Forecast
+2.0405 / 2.0435+
Resistance/Support
R: 2.0462/2.0507/2.0543
S: 2.0408/2.0370/2.0326
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