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Forex Market Outlook on Majors

Tue, May 12 2009, 06:30 GMT

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INTRA-DAY GBP/USD:

Last Update At 12 May 2009 05:41 GMT

Rate : 1.5135

Despite early brief drop to 1.5073, subsequent
rebound suggests further consolidation abv y'day's
low of 1.5069 wud be seen n gain twds 1.5172 res
cannot be ruled out, however, reckon 1.5223 shud
cap upside n yield selloff later.

Below 1.5100 wud signal recovery is over n
bring re-test of 1.5069/73. Stand aside for now...

Range Forecast
1.5085 / 1.5125

Resistance/Support

R: 1.5172/1.5193/1.5223
S: 1.5069/1.5044/1.5000


Trendsetter Financial Markets Ltd. | Room 1309 - 1311, 13/F., Tai Yau Building, No. 181 Johnston Road, Wan Chai, Hong Kong.
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