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Forex Market Outlook on Majors

Tue, Nov 3 2009, 04:30 GMT

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INTRA-DAY GBP/USD:

Last Update At 03 Nov 2009 04:20 GMT

Rate : 1.6378

Cable's breach of 1.6385 (Aust.) suggests price
wud continue to gyrate inside near term range of
1.6328-1.6438 n weakness twd 1.6350/60 cannot be
out, however, said sup shud hold n yield another
rebound later.

Abv 1.6420 wud bring gain to 1.6438 n 1.6460
but 1.6480 res shud remain intact. Stand aside.

Range Forecast

1.6360 / 1.6390

Resistance/Support
R: 1.6438/1.6480/1.6524
S: 1.6346/1.6328/1.6285


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