Forex Market Outlook on Majors

Forex Market Outlook on Majors

Wed, Jul 9 2008, 02:52 GMT
by AceTrader Team

AceTrader


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 USD
--------------------------------------------------------

INTRA-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

Trendsetter Financial Markets Ltd.  | Room 1201, 12/F., Harcourt House, 39 Gloucester Road, Wanchai
http://www.AceTraderFX.com | cs@acetrader.com

Legal disclaimer and risk disclosure

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Interested in forex trading? forex brokerage firms!


Interbank FX, LLC
Contact the broker/FDM
Open a demo account
ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
Deutsche Bank
Contact the broker/FDM
Open a demo account		Alpari (UK) Limited
Contact the broker/FDM
Open a demo account		ACM USA LLC
Contact the broker/FDM
Open a demo account

FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)

[Read Premium full description]


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.

Risk Disclosure: 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 invest in 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.

©2008 "FXstreet.com. The Forex Market" All Rights Reserved.