AceTrader 2-wk TRIAL
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DAILY GBP/USD OUTLOOK
Despite y'day's euro-led rise to a near 3-month top of 1.6307, subsequent retreat after falteringbelow Sep's peak at 1.6310 suggests consolidationwith downside bias remains for a minor retracement twd 1.6192/95 sup area but 1.6156 wud hold fm here.
Sell on recovery with stop initially abv 1.6310,break wud abort n extend gain to 1.6359/60.
Resistance/Support
R: 1.6277/1.6310/1.6359
S: 1.6217/1.6192/1.6156
Last Update At
20 Dec 2012 07:53 GMT
Rate
1.6246
Strategy
Sell at 1.6270
Objective
1.6200
Stop-Loss
1.6315
Despite y'day's euro-led rise to a near 3-month top of 1.6307, subsequent retreat after falteringbelow Sep's peak at 1.6310 suggests consolidationwith downside bias remains for a minor retracement twd 1.6192/95 sup area but 1.6156 wud hold fm here.
Sell on recovery with stop initially abv 1.6310,break wud abort n extend gain to 1.6359/60.
Resistance/Support
R: 1.6277/1.6310/1.6359
S: 1.6217/1.6192/1.6156
Last Update At
20 Dec 2012 07:53 GMT
Rate
1.6246
Strategy
Sell at 1.6270
Objective
1.6200
Stop-Loss
1.6315
