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GBP/USD Daily Market Outlook by AceTrader

Discussion in 'Market Predictions and Reports' started by acetraderfx, May 26, 2010.

  1. acetraderfx

    acetraderfx AceTrader.com Representative

    Joined:
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    INTRA-DAY GBP/USD: 1.4365

    Last Update At 26 May 2010 05:57 GMT

    Despite falling in tandem with euro just ahead
    of European opening to 1.4350, present minor bounce
    suggests intra-day decline fm 1.4449 (AUS) has 'pos
    sibly' made a low there n abv 1.4395 wud signal the
    pullback 1.4449 to retrace y'day's rise has ended.


    Exit short n stand aside. Abv 1.4395 wud yield
    1.4420/30 whilst below 1.4350 extends to 1.4236.

    Range Forecast
    1.4350 / 1.4390


    Resistance/Support
    R: 1.4395/1.4425/1.4449
    S: 1.4350/1.4336/1.4306
     

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