Intraday trading signal by AceTrader - GBP/USD

Rate: 1.4080

Updating time : 04 Mar 2009 12:35 GMT

Despite intra-day marginal rise to 1.4116, lack
of follow through buying n current retreat suggest
sideways trading is in store ahead of U.S. opening
n pullback to 1.4055/60 can't be ruled out, however
, reckon 1.4025/28 wud limit downside.

Abv said res wud extend to 1.4133 but res at
1.4158 wud hold due to broad consolidative outlook.


Range Forecast
1.4060 / 1.4100

Resistance/Support

R: 1.4133/1.4158/1.4180
S: 1.4028/1.3985/1.3958