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Cable has risen in tandem with euro n the correc
tive upmove fm last week's low at 1.9735 is likely
to extend twds 1.9945 (prev. sup), however, nr term
o/bot condition shud limit upside to 1.9970/80 n
risk has increased for a pullback later.
Buy on dips with stop as indicated n only below
1.9852 wud abort intra-day bullishness...
Range Forecast
+1.9910 / 1.9940+
Resistance/Support
R: 1.9945/1.9993/2.0026
S: 1.9888/1.9852/1.9830
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INTRA-DAY GBP/USD OUTLOOK: +1.9924+
Updating time :25 Mar 2008 04:18 GMT
Cable has risen in tandem with euro n the correc
tive upmove fm last week's low at 1.9735 is likely
to extend twds 1.9945 (prev. sup), however, nr term
o/bot condition shud limit upside to 1.9970/80 n
risk has increased for a pullback later.
Buy on dips with stop as indicated n only below
1.9852 wud abort intra-day bullishness...
Range Forecast
+1.9910 / 1.9940+
Resistance/Support
R: 1.9945/1.9993/2.0026
S: 1.9888/1.9852/1.9830
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