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- New York 16:39
- London 21:39
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This report has been deactivated
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Despite cable's sideways trading abv o/n NY low
at 1.9666, as y'day's selloff fm 1.9797 suggests
correction fm 1.9649 has ended there, reckon 1.9720
/30 wud cap upside n yield another decline later n
below 1.9666 wud bring re-test of 1.9649 1st.
Sell on recovery with stop as indiacted n only
abv 1.9760/65 wud abort intra-day bearishness...
Range Forecast
1.9680 / 1.9710
Resistance/Support
R: 1.9728/1.9763/1.9797
S: 1.9666/1.9649/1.9585
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0
0
Forex Market Outlook on Majors
Wed, Jul 9 2008, 02:52 GMT
by AceTrader Team
AceTrader 1-wk TRIAL
www.AceTraderFX.com 24-Hr Real-time Signals Consistent Performance Intra-day, Daily, Weekly. with Email Alerts Function Try 1-week for $25 USDINTRA-DAY GBP/USD OUTLOOK: 1.9693
Updating time :09 Jul 2008 02:42 GMT
Despite cable's sideways trading abv o/n NY low
at 1.9666, as y'day's selloff fm 1.9797 suggests
correction fm 1.9649 has ended there, reckon 1.9720
/30 wud cap upside n yield another decline later n
below 1.9666 wud bring re-test of 1.9649 1st.
Sell on recovery with stop as indiacted n only
abv 1.9760/65 wud abort intra-day bearishness...
Range Forecast
1.9680 / 1.9710
Resistance/Support
R: 1.9728/1.9763/1.9797
S: 1.9666/1.9649/1.9585
--------------------------------------------------------
Published on Wed, Jul 9 2008, 04:24 GMT
Archive
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.