INTRA-DAY GBP/USD:1.6793

Last Update At 18 Nov 2009 02:32 GMT


Cable's anticipated retreat fm 1.6835 (Aust.)
suggests further consolidation below this week's
high at 1.6879 is in store with downside bias n
weakness to 1.6770 is seen but breach of 1.6755 is
needed for correction of upmove to 1.6720/30.

Reinstate short on recovery with stop as indica
ted, abv aborts n risks possible re-test of 1.6879.
Range Forecast
1.6780 / 1.6810

Resistance/Support

R: 1.6835/1.6879/1.6918
S: 1.6755/1.6670/1.6625