Forex Market Outlook on Majors
Mon, Jul 6 2009, 08:47 GMT
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INTRA-DAY GBP/USD:
Last Update At 06 Jul 2009 08:26 GMT
Rate : 1.6112
Although cable's cross-inspired selloff to
1.6100 suggests decline fm 1.6745 top to retrace
recent upmove has resumed n marginal weakness below
said sup cannot be ruled out, o/sold condition wud
limit downside to 1.6077 n yield rebound.
Stand aside in the meantime n look to sell
again on recovery as 1.6187 (prev. sup) wud hold..
Range Forecast
1.6100 / 1.6140
Resistance/SupportR: 1.6187/1.6259/1.6328
S: 1.6100/1.6077/1.6000
Published on
Mon, Jul 6 2009, 09:09 GMT
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