Forex Market Outlook on Majors
Thu, Nov 19 2009, 00:50 GMT
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INTRA-DAY GBP/USD:1.6740
Last Update At 18 Nov 2009 23:58 GMT
Cable's o/n cross-inspired selloff to 1.6715 sug
gests recent strg upmove has formed a top earlier
at 1.6879 n a firm breach of said sup wud confirm
this view, yield correction twd 1.6692/97 later.
Sell on recovery for 1.6720 1st n only abv 1.68
00 wud signal intra-day low has been made, risk pos
sible retracement to 1.6825/30.
Range Forecast
1.6725 / 1.6760
Resistance/SupportR: 1.6764/1.6797/1.6845
S: 1.6715/1.6697/1.6670
Published on
Thu, Nov 19 2009, 00:57 GMT
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