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Forex Market Outlook on Majors

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Forex Market Outlook on Majors

Fri, Nov 28 2008, 07:16 GMT
by AceTrader Team

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INTRA-DAY GBP/USD OUTLOOK:      1.5425

Updating time :28 Nov 2008 06:41 GMT


Cable has moved higher in tandem with euro n
risk is seen for gain to 1.5460/70 but only abv
1.5512 wud signal recent upmove has resumed n bring
re-test of this week's high at 1.5535 1st.

In view of this, exit intra-day short n stand
aside as below 1.5368 (Asia) is needed to revive
bearishness for weakness to 1.5342 n then 1.5310...

Range Forecast
1.5400 / 1.5440

Resistance/Support

R: 1.5440/1.5469/1.5512
S: 1.5368/1.5342/1.5310

Archive

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