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Forex Market Outlook on Majors

Mon, May 25 2009, 06:28 GMT

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INTRA-DAY GBP/USD:

Last Update At 25 May 2009 06:12 GMT

Rate :  +1.5925+

Cable's rebound after intra-day retreat fm 1.59
45 to 1.5854 suggests pullback fm Friday's high at
1.5947 has possibly ended n consolidation is seen
with upside bias but breach of said res needed to
confirm recent upmove has resumed, 1.5975/80.

Buy on dips with stop below said sup, break wud
risk stronger correction to 1.5820/25 b4 up...

Range Forecast
+1.5895 / 1.5935+

Resistance/Support
R: 1.5947/1.6000/1.6054
S: 1.5854/1.5825/1.5757

Published on  Mon, May 25 2009, 08:08 GMT


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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