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Forex Market Outlook on Majors

Fri, Nov 21 2008, 08:20 GMT
by AceTrader Team

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INTRA-DAY GBP/USD OUTLOOK:      1.4830

Updating time :21 Nov 2008 08:03 GMT


Although cable has retreated after intra-day
rise to 1.4896 n pullback to 1.4800/10 is likely,
reckon downside wud be ltd to 1.4780 (prev. res) n
yield rebound, abv said res wud extend gain twds
1.4926 later.

Buy dips with stop as indicated, break wud pro-
long choppy trading n risk 1.4740...

Range Forecast
1.4805 / 1.4855

Resistance/Support

R: 1.4896/1.4926/1.4996
S: 1.4788/1.4712/1.4684


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