INTRA-DAY GBP/USD OUTLOOK

Despite early euro-led retreat shortly after Euro
pean open, as renewed buying at 1.5677 has lifted
cable, suggesting 'choppy' sideways trading wud be
seen, abv 1.5730 needed to signal pullback fm 1.57
50 (AUS) over n yield re-test of this res lvl.

Only firm breach of 1.5677 wud bring stronger cor
rection of recent upmove twd 1.5645. Stand aside.

Range Forecast
1.5685 / 1.5715

Resistance/Support
R: 1.5719/1.5730/1.5750
S: 1.5677/1.5645/1.5612

Last Update At
18 Jun 2012 07:30 GMT

Rate
1.5698

Strategy/Entry Level
Stand aside