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GBP/USD Daily Market Outlook by AceTrader

Discussion in 'Market Predictions and Reports' started by acetraderfx, May 25, 2010.

  1. acetraderfx

    acetraderfx AceTrader.com Representative

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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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