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Forex Market Outlook on Majors
Mon, Dec 29 2008, 07:49 GMT
by AceTrader Team
AceTrader
INTRA-DAY GBP/USD OUTLOOK: 1.4738
Updating time : 29 Dec 2008 07:35 GMT
Current breach of 1.4735 res signals nr term
rise fm 1.4575 (Friday's low) to retrace recent dec
line remains in progress n gain twds 1.4800/05 is
envisaged, however, break there is needed to retain
bullishness, 1.4840/50.
Buy with stop as indicated, break wud prolong
consolidation n risk 1.4670/80...
Range Forecast
1.4720 / 1.4760
Resistance/Support
R: 1.4759/1.4800/1.4898
S: 1.4635/1.4600/1.4575
Published on
Mon, Dec 29 2008, 07:52 GMT
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