GBP/USD Daily Market Outlook by AceTrader

acetraderfx

AceTrader.com Representative
Messages
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INTRA-DAY GBP/USD: 1.4337

Last Update At 25 May 2010 05:57 GMT

Cable has also fallen below Asian morning low of
1.4336 in tandem with euro, suggesting y'day's dec-
line fm 1.4529 is likely to pressure price to 1.43
10/15, however, o/sold condition shud prevent steep
drop below there n reckon 1.4285/90 wud hold.


Lower short entry for this move n only abv 1.43
85 wud risk stronger retrace. twd 1.4410 b4 down.



Range Forecast
1.4320 / 1.4360

Resistance/Support
R: 1.4382/1.4410/1.4464
S: 1.4317/1.4287/1.4228
 
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