AceTrader 1-wk TRIAL
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INTRA-DAY GBP/USD:1.6028
Last Update At 07 Jan 2010 00:54 GMT
Despite rising in tandem with euro at Asian open
ing, as price has retreated fm 1.6060, suggesting
further 'choppy' trading below y'day's high at 1.60
65 wud continue n downside bias is seen for another
pullback to 1.6000 but reckon 1.5973 wud hold.
In view of abv analysis, turn short on recovery,
stop as indicated, abv may risk 1.6100 b4 down.
Range Forecast
1.6015 / 1.6050
Resistance/Support
R: 1.6065/1.6084/1.6126
S: 1.5973/1.5938/1.5913
Last Update At 07 Jan 2010 00:54 GMT
Despite rising in tandem with euro at Asian open
ing, as price has retreated fm 1.6060, suggesting
further 'choppy' trading below y'day's high at 1.60
65 wud continue n downside bias is seen for another
pullback to 1.6000 but reckon 1.5973 wud hold.
In view of abv analysis, turn short on recovery,
stop as indicated, abv may risk 1.6100 b4 down.
Range Forecast
1.6015 / 1.6050
Resistance/Support
R: 1.6065/1.6084/1.6126
S: 1.5973/1.5938/1.5913
