acetraderfx
01-29-2010, 01:54 AM
INTRA-DAY GBP/USD: 1.6128
Last Update At 29 Jan 2010 06:31 GMT
Although cable has retreated after staging a
recovery fm 1.6110 to 1.6160 in Asia due to intra-
day cross selling in sterling, as y'day's selloff
fm 1.6277 is losing momentum, reckon 1.6093 wud con
tain weakness n bring another bounce.
For st trade, buy dips with stop below 1.6077
sup or sell if price rises to 1.6170 for 1.6120.
Range Forecast
1.6110 / 1.6150
Resistance/Support
R: 1.6172/1.6225/1.6277
S: 1.6110/1.6093/1.6077
www.acetraderfx.com
Last Update At 29 Jan 2010 06:31 GMT
Although cable has retreated after staging a
recovery fm 1.6110 to 1.6160 in Asia due to intra-
day cross selling in sterling, as y'day's selloff
fm 1.6277 is losing momentum, reckon 1.6093 wud con
tain weakness n bring another bounce.
For st trade, buy dips with stop below 1.6077
sup or sell if price rises to 1.6170 for 1.6120.
Range Forecast
1.6110 / 1.6150
Resistance/Support
R: 1.6172/1.6225/1.6277
S: 1.6110/1.6093/1.6077
www.acetraderfx.com