acetraderfx
AceTrader.com Representative
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DAILY GBP/USD OUTLOOK - 1.6813
30 Apr 2014 07:09GMT
Despite cable's brief bounce from 1.6792 (Europe)
to 1.6848 (NY) yesterday, as early retreat from Mon's
4-1/2 yr peak at 1.6858 suggests a temp. top has
possibly been made, choppy consolidation with down
side bias would be seen for retrace. towards 1.6762 sup.
Reinstate short on recovery, stop initially above
previous daily 1.6879 res (Nov 2009), break, 1.6900.
30 Apr 2014 07:09GMT
Despite cable's brief bounce from 1.6792 (Europe)
to 1.6848 (NY) yesterday, as early retreat from Mon's
4-1/2 yr peak at 1.6858 suggests a temp. top has
possibly been made, choppy consolidation with down
side bias would be seen for retrace. towards 1.6762 sup.
Reinstate short on recovery, stop initially above
previous daily 1.6879 res (Nov 2009), break, 1.6900.
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