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Despite cable's sideways trading abv o/n NY low
at 1.9666, as y'day's selloff fm 1.9797 suggests
correction fm 1.9649 has ended there, reckon 1.9720
/30 wud cap upside n yield another decline later n
below 1.9666 wud bring re-test of 1.9649 1st.
Sell on recovery with stop as indiacted n only
abv 1.9760/65 wud abort intra-day bearishness...
Range Forecast
1.9680 / 1.9710
Resistance/Support
R: 1.9728/1.9763/1.9797
S: 1.9666/1.9649/1.9585
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INTRA-DAY GBP/USD OUTLOOK: 1.9693
Updating time :09 Jul 2008 02:42 GMT
Despite cable's sideways trading abv o/n NY low
at 1.9666, as y'day's selloff fm 1.9797 suggests
correction fm 1.9649 has ended there, reckon 1.9720
/30 wud cap upside n yield another decline later n
below 1.9666 wud bring re-test of 1.9649 1st.
Sell on recovery with stop as indiacted n only
abv 1.9760/65 wud abort intra-day bearishness...
Range Forecast
1.9680 / 1.9710
Resistance/Support
R: 1.9728/1.9763/1.9797
S: 1.9666/1.9649/1.9585
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