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Forex Market Outlook on Majors

Wed, May 13 2009, 06:17 GMT

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INTRA-DAY GBP/USD:

Last Update At 13 May 2009 06:04 GMT

Rate : +1.5295+

1.5354 has possibly ended earlier at 1.5202 n conso
lidation with upside bias remains, however, breach
of said res is needed to confirm recent upmove has
resumed n extend gain to 1.5400.

Buy on dips with stop as indicated, break wud
prolong choppy trading n risk 1.5202...

Range Forecast
1.5290 / 1.5340

Resistance/Support

R: 1.5354/1.5400/1.5450
S: 1.5240/1.5202/1.5172


Trendsetter Financial Markets Ltd. | Room 1309 - 1311, 13/F., Tai Yau Building, No. 181 Johnston Road, Wan Chai, Hong Kong.
http://www.AceTraderFX.com | cs@acetrader.com

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Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.
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