acetraderfx
AceTrader.com Representative
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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
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