INTRA-DAY GBP/USD OUTLOOK

As cable has edged higher after early minor pull
back fm 1.6086 to 1.6066 in NY session, suggesting
upmove fm this week's 1.6006 wud extend to 1.6100,
however, as broad outlook remains 'consolidative',
reckon 1.6124 (Mon's NZ high) wud cap upside.

Raise long entry for this move with stop as indi
cated, below may risk retrace. to 1.6043 b4 rebound

Range Forecast
1.6070 / 1.6095

Resistance/Support
R: 1.6086/1.6124/1.6144
S: 1.6066/1.6043/1.6021

Last Update At
31 Oct 2012 04:23 GMT

Rate
1.6081

Strategy/Entry Level
Buy at 1.6070

Objective
1.6100

Stop-Loss
1.6055