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Forex Market Outlook on Majors

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Forex Market Outlook on Majors

Thu, Oct 9 2008, 06:23 GMT
by AceTrader Team

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INTRA-DAY GBP/USD OUTLOOK:           1.7265

Updating time :09 Oct 2008 06:13 GMT


Current anticipated rebound suggests further
consolidation abv intra-day low at 1.7173 wud be
seen with upside bias for another corrective rise
twds 1.7300 but reckon res at 1.7322 wud hold fm
here n yield further sideways trading.

Buy again on dips with stop as indicated, only
below 1.7200 wud risk re-test of 1.7173...

Range Forecast
1.7240 / 1.7280

Resistance/Support

R: 1.7322/1.7409/1.7445
S: 1.7173/1.7141/1.7100
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