Wed, Dec 3 2008, 15:15 GMT
by AceTrader Team
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
Published on Wed, Dec 3 2008, 15:18 GMT
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