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Forex Market Outlook on Majors

Wed, Dec 3 2008, 15:15 GMT
by AceTrader Team

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INTRA-DAY GBP/USD OUTLOOK:      1.4767

Updating time :03 Dec 2008 14:06 GMT


Despite intra-day brief retreat, cable's rebound
fm 1.4695/00 suggests choppy trading abv European
morning low at 1.4662 low wud continue but firm
breach of 1.4783 is needed to bring correction of
recent decline to 1.4830/40.

Below 1.4695/00 wud revive bearishness for a re-
test of said sup n then 1.4610/20. Stand aside...

Range Forecast
1.4740 / 1.4780

Resistance/Support
R: 1.4783/1.4852/1.4935
S: 1.4696/1.4662/1.4646


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