GBP/USD Daily Market Outlook by AceTrader

[acetraderfx]

INTRA-DAY GBP/USD: 1.5627

Last Update At 29 Jul 2010 05:00 GMT

Cable has continued to edge higher partly on UK
Chancellor's comments (read mkt mov. news) after
y'day's retreat fm a 5-mth high of 1.5638 to 1.5572
in NY, abv 1.5638 wud extend recent erratic rise to
1.5670/80 b4 prospect of a correction later today.


Exit short n stand aside as below 1.5595/00 need
ed to prolong consolidation n yield 1.5572/75.


Range Forecast
1.5605 / 1.5635


Resistance/Support
R: 1.5638/1.5688/1.5704
S: 1.5572/1.5545/1.5521

 

[acetraderfx]

GBP/USD Intra-day signals by AceTrader

INTRA-DAY GBP/USD: 1.5568

Last Update At 21 Sep 2010 02:23 GMT

Although cable has recovered after y'day's cross
-inspired selloff fm 1.5686 to 1.5536 n sideways
trading wud be seen until European opening, as long
as 1.5621 res holds, fall fm last Friday's high of
1.5730 wud resume for re-test of 1.5536 n 1.5495.


Sell on pullback with stop initially abv 1.5621,
break wud risk stronger rebound to 1.5653 b4 down.

Range Forecast
1.5536 / 1.5575

Resistance/Support
R: 1.5597/1.5621/1.5654
S: 1.5536/1.5490/1.5449

 

[acetraderfx]

GBP/USD Intra-day signal by AceTrader

INTRA-DAY GBP/USD: 1.5675

Last Update At 22 Sep 2010 05:50 GMT

Cable's firmness after breaking y'day's high of
1.5645 suggest upmove fm 1.5296 has once again re-
sumed n further gain twds 1.5686 res wud be seen,
however, firm break there is needed to confirm pull
back fm 1.5730 has ended at 1.5296, 1.5730 later.


Buy again on dips with stop as indicated n only
below 1.5588 wud risk stronger pullback to 1.5560.

Range Forecast
1.5650 / 1.5686

Resistance/Support
R: 1.5686/1.5730/1.5777
S: 1.5645/1.5603/1.5588

 

[acetraderfx]

GBP/USD Intra-day signal by AceTrader

INTRA-DAY GBP/USD: 1.5840

Last Update At 28 Sep 2010 02:51 GMT

Similar to euro, although cable has recovered
after retreating fm y'day's high of 1.5867 to 1.57
02 in Asian morning, as long as said temp. top
holds, another pullback to 1.5802 n then 1.5785/87
is likely but price shud hold well abv 1.5742.

Sell at 1.5840 for fall to 1.5790 or if cable
drops to 1.5785 1st, turn long for gain to 1.5830.

Range Forecast
1.5802 / 1.5840

Resistance/Support
R: 1.5867/1.5880/1.5912
S: 1.5787/1.5742/1.5697

 

[acetraderfx]

GBP/USD Intra-day signal by AceTrader

INTRA-DAY GBP/USD: 1.5848

Last Update At 30 Sep 2010 05:51 GMT

Cable's breach of 1.5845 suggests the rebound fm
1.5762 remains in progress n further gain to 1.5875
res cannot be ruled out, however, break is needed
to confirm recent upmove fm 1.5296 has once again
resumed n yield re-test of 1.5896 res.


Wud be prudent to exit short n stand side for
now. Below 1.5782/87 wud signal top made, 1.5762.

Range Forecast
1.5830 / 1.5870

Resistance/Support
R: 1.5875/1.5896/1.5937
S: 1.5762/1.5742/1.5718

 

[acetraderfx]

GBP/USD Intra-day signal by AceTrader

INTRA-DAY GBP/USD: 1.5895

Last Update At 06 Oct 2010 09:32 GMT

Although cable has recovered after intra-day
retreat fm a 2-mth high of 1.5940 to 1.5885 in Lon-
don trading earlier, as this move signals recent
upmove has made a temporary top, consolidation with
downside bias remains for retracement twd 1.5861.

Hold short for this move n exit on decline, then
buy for day trade for re-test of 1.5940 later.

Range Forecast
1.5875 / 1.5900

Resistance/Support
R: 1.5940/1.5953/1.5999
S: 1.5870/1.5845/1.5821

 

[acetraderfx]

GBP/USD Intra-day signal by AceTrader

INTRA-DAY GBP/USD: 1.5880

Last Update At 12 Oct 2010 06:11 GMT

Despite cable's retreat after intra-day rebound
fm 1.5869 to 1.5917, outlook is consolidative n as
long as said sup holds, upside bias is seen for an-
other rebound to said lvl, abv wud extend to 1.5930
/40 but y'day's high of 1.5975 wud remain intact.

Trade fm long side with stop as indicated, break
wud risk weakness twds 1.5824 sup.

Range Forecast
1.5870 / 1.5900

Resistance/Support
R: 1.5917/1.5975/1.5999
S: 1.5869/1.5824/1.5749