Forex Market Outlook on Majors
Tue, May 19 2009, 17:17 GMT
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INTRA-DAY GBP/USD:
Last Update At 19 May 2009 16:48 GMT
Rate : 1.5475
Cable's retreat after testing 1.5515 suggests as
long as said res holds, another corrective fall twd
1.5427 is seen but break needed to signal a temp.
top has been made n yield retrace. twd 1.5390/00,
however, price wud keep well abv 1.5354 (prev. res).
For st trade, sell recovery with stop abv 1.5515
as break wud extend recent upmove twd 1.5560/70...
Range Forecast 1.5450 / 1.5500
Resistance/SupportR: 1.5515/1.5566/1.5625
S: 1.5427/1.5354/1.5288
Published on
Tue, May 19 2009, 17:19 GMT
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