Intraday Forex Signal by AceTrader - GBP/USD

Updating time : 06 Apr 2009 07:19 GMT

Rate: 1.4913

Despite the intra-day marginal rise to 1.4952,
cable's subsequent retreat suggests minor top has
been formed n consolidation below there is seen
with mild downside bias for correction twds 1.4865/
70, however, reckon 1.4830/40 wud limit weakness.

Abv 1.4952 wud extend recent upmove to 1.4990/00
b4 pullback due to loss of momentum...

Range Forecast
1.4895 / 1.4930

Resistance/Support
R: 1.4952/1.4986/1.5026
S: 1.4865/1.4832/1.4774