Intraday Forex Signal by AceTrader - GBP/USD

Updating time : 15 Apr 2009 14:46 GMT

Rate:  1.4984

Despite cable's brief but strg retreat fm
1.5038 to around 1.4925, subsequent rebound on the
back of active cross buying in sterling suggests
consolidation with upside bias remains, however,
breach of said res needed to extend gain to 1.5088.

Buy on dips with stop as indicated, break wud
risk stronger retrace. to 1.4905 sup....
Range Forecast
1.4950 / 1.4990

Resistance/Support

R: 1.5038/1.5088/1.5108
S: 1.4925/1.4905/1.4822