Forex Market Outlook on Majors

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Forex Market Outlook on Majors
Wed, Sep 3 2008, 09:16 GMT
AceTrader
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INTRA-DAY GBP/USD OUTLOOK: 1.7700
Updating time :03 Sep 2008 09:22 GMT
Despite intra-day fall to 1.7667, subsequent
rebound after the release of better-than-expected
U.K. PMI data suggests temp. low is possibly made n
consolidation with upside bias is seen but break of
1.7766 res is needed to confirm low is made.
Buy again on dips, stop as indicated, only be-
low said sup aborts n risks 1.7640...
Range Forecast 1.7695 / 1.7725
Resistance/Support R: 1.7735/1.7778/1.7795
S: 1.7667/1.7599/1.7550
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Published on
Wed, Sep 3 2008, 09:23 GMT
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