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Forex Market Outlook on Majors

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Forex Market Outlook on Majors

Wed, Oct 8 2008, 01:18 GMT
by AceTrader Team

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INTRA-DAY GBP/USD OUTLOOK:           1.7447

Updating time :07 Oct 2008 23:28 GMT


Cable's intra-day weakness suggests near term
fall fm y'day's high at 1.7660 may extend to 1.7410
, however, firm break there is needed to confirm
correction fm 1.7320 has ended at 1.7660 n yield
subsequent weakness to 1.7363/70.

Stand aside for now n look to sell on further
recovery as 1.7559 wud cap upside in Asia...

Range Forecast
1.7430 / 1.7460

Resistance/Support

R: 1.7559/1.7632/1.7660
S: 1.7432/1.7363/1.7320
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