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Forex Market Outlook on Majors

Tue, Jul 28 2009, 07:46 GMT

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INTRA-DAY GBP/USD:

Last Update At 28 Jul 2009 07:37 GMT

Rate : 1.6547

Cable has rebounded after finding renewed buying
at 1.6506, suggesting recent upmove wud resume
after minor consolidation, abv o/head res at 1.6558
wud encourage for a re-test of last week's high of
1.6587 later.

Buy on dips with stop as indicated, break wud
prolong choppy trading n risk pullback twd 1.6457.

Range Forecast
1.6520 / 1.6558

Resistance/Support

R: 1.6558/1.6587/1.6622
S: 1.6457/1.6438/1.6382


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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