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Forex Market Outlook on Majors

Tue, Feb 9 2010, 09:29 GMT
by - AceTrader | View company's profile

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INTRA-DAY GBP/USD: 1.5600

Last Update At 09 Feb 2010 09:16 GMT

Cable's stronger-than-expected retreat on cross
selling in sterling after early early rebound to
rebound to 1.5647 suggests further choppy consolida
tion inside 1.5535-1.5660 broad range wud continue
weakness to 1.5565 can't be ruled out b4 recovery.

Wud be prudent to exit long n stand aside for
now. Abv 1.5615/20 wud bring gain to 1.5647 again..

Range Forecast
1.5585 / 1.5620

Resistance/Support
R: 1.5647/1.5660/1.5708
S: 1.5565/1.5535/1.5513

Published On Tue, Feb 9 2010, 09:31 GMT

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AceTrader

http://www.AceTraderFX.com

cs@acetrader.com

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