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acetraderfx
01-07-2010, 06:47 PM
INTRA-DAY GBP/USD:+1.5940+

Last Update At 08 Jan 2010 01:18 GMT

As cable has traded sideways in o/n NY session
after y'day's selloff to 1.5896, suggesting further
range-trading wud continue in Asia, reckon 1.5973
(previous sup) wud cap upside n yield retreat, how-
ever, below said sup needed to extend to 1.5865/70.

Sell on recovery for 1.5905 with stop as indica-
ted, abv may risk stronger retrace. to 1.6015/20.


Range Forecast
+1.5925 / 1.5956+

Resistance/Support
R: 1.5956/1.5973/1.6020
S: 1.5896/1.5868/1.5832