Forex Market Outlook on Majors
Tue, Jul 14 2009, 07:01 GMT
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INTRA-DAY GBP/USD:
Last Update At 14 Jul 2009 06:15 GMT
Rate : 1.6265
As cable has rebounded in tandem with intra-day
dlr's renewed weakness vs European ccy, suggesting
the pullback fm Asian high at 1.6294 has possibly
ended earlier at 1.6229, however, abv said res is
needed to extend y'day's rise fm 1.6033 to 1.6329.
Below 1.6229 may risk retrace. to 1.6200/05 b4
prospect of rebound. Stand aside in the meantime.
Range Forecast
1.6250 / 1.6285
Resistance/Support
R: 1.6294/1.6329/1.6381
S: 1.6229/1.6200/1.6155
Published on
Tue, Jul 14 2009, 07:03 GMT
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