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Although cable has retreated after intra-day
rise to 1.9704 n consolidation below there wud be
seen, break of 1.9645/50 is needed to signal top
has been formed there n bring weakness twds 1.9627,
otherwise, another rebound cannot be ruled out.
Abv said res wud bring stronger retrace. of
decline fm 1.9792 to 1.9720/25. Stand aside for now
Range Forecast
1.9665 / 1.9695
Resistance/Support
R: 1.9704/1.9725/1.9757
S: 1.9627/1.9585/1.9555
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INTRA-DAY GBP/USD OUTLOOK: 1.9676
Updating time :24 Jun 2008 08:19 GMT
Although cable has retreated after intra-day
rise to 1.9704 n consolidation below there wud be
seen, break of 1.9645/50 is needed to signal top
has been formed there n bring weakness twds 1.9627,
otherwise, another rebound cannot be ruled out.
Abv said res wud bring stronger retrace. of
decline fm 1.9792 to 1.9720/25. Stand aside for now
Range Forecast
1.9665 / 1.9695
Resistance/Support
R: 1.9704/1.9725/1.9757
S: 1.9627/1.9585/1.9555
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