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Forex Market Outlook on Majors

Fri, Sep 4 2009, 08:36 GMT

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INTRA-DAY GBP/USD:

Last Update At 04 Sep 2009 07:54 GMT

Rate : 1.6358

Although cable's breach of 1.6354 suggests the
retreat fm y'day's 1.6415 high has possibly ended
earlier at 1.6304 n further gain to 1.6380/85 can't
be ruled out, only abv said res wud confirm upmove
fm 1.6113 (this week's low) has resumed, 1.6445/50.

Below 1.6320/25 wud prolong consolidation n
bring another fall to 1.6304. Stand aside for now.

Range Forecast
 1.6340 / 1.6375

Resistance/Support
R: 1.6376/1.6415/1.6446
S: 1.6322/1.6300/1.6261

Published on  Mon, Sep 7 2009, 09:00 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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