Forex Market Outlook on Majors

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Forex Market Outlook on Majors
Wed, Sep 3 2008, 06:28 GMT
by AceTrader Team
AceTrader
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INTRA-DAY GBP/USD OUTLOOK: 1.7752
Updating time :03 Sep 2008 06:22 GMT
Despite intra-day selloff to 1.7703, cable's
subsequent rebound suggests a minor low has been
formed n consolidation with mild upside bias is
seen but abv 1.7778 (prev. sup) is needed for a re-
tracement of recent decline to 1.7800/10.
Below 1.7703 wud bring one more fall to 1.7670/
80 b4 correction due to loss of momentum...
Range Forecast
1.7730 / 1.7760
Resistance/Support
R: 1.7778/1.7848/1.7871
S: 1.7703/1.7664/1.7599
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Published on
Wed, Sep 3 2008, 06:32 GMT
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