Forex Market Outlook on Majors
Mon, May 4 2009, 14:07 GMT
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INTR-DAY GBP/USD:
Last Update At 04 May 2009 14:04 GMT
Rate +1.4965+
Present breach of 1.4918 confirms pullback fm
1.4981 has ended earlier at 1.4835 n consolidation
with upside bias wud be seen for gain to 1.4966,
however, breach of said res needed to extend upmove fm 1.4397 to 1.5010/20.Buy at market with stop as indicated, break
wud prolong choppy trading n risk 1.4850/60...
Range Forecast
+1.4930 / 1.4966+
Resistance/Support
R: 1.4966/1.4981/1.5069
S: 1.4835/1.4751/1.4703
Published on
Mon, May 4 2009, 14:13 GMT
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