Intraday Forex Signal by AceTrader - GBP/USD

Updating time : 08 Apr 2009 00:51 GMT

Rate: 1.4700

Cable's selloff in tandem with euro suggests
further consolidation below 1.4777 (y'day's high)
is in store n risk is for weakness to 1.4660/70 n
1.4640 but as temp. low has been formed y'day at
1.4583, downside shud be ltd n yield rebound later.

Exit intra-day long n look to buy for day trade.
Abv 1.4745/50 wud bring re-test of 1.4777 1st...

Range Forecast
1.4685 / 1.4720

Resistance/Support

R: 1.4747/1.4777/1.4815
S: 1.4683/1.4638/1.4583