GBP/USD Intra-day signal by AceTrader

[acetraderfx]

INTRA-DAY GBP/USD: 1.5570

Last Update At 05 Jan 2011 09:15 GMT

Despite staging a strg bounce fm 1.5537 to 1.56
28 in early European trading, subsequent retreat
suggests further choppy consolidation below y'day's
top at 1.5646 wud continue n as long as 1.5537 sup
holds, another rebound is likely later.

Stand aside ahead of U.K. PMI n below 1.5537 may
extend y'day's fall fm 1.5646 to 1.5501/06.

Range Forecast
1.5555 / 1.5590

Resistance/Support
R: 1.5628/1.5646/1.5680
S: 1.5576/1.5537/1.5518

 

[acetraderfx]

INTRA-DAY GBP/USD: 1.6058

Last Update At 09 Feb 2011 02:31 GMT

As cable has retreated after staging a brief but
strg bounce fm 1.6027 to 1.6104 in NY trading, sug-
gesting choppy consolidation with downside bias is
seen in Asia, however, below 1.6027 needed to ex-
tend erratic fall fm 1.6279 to 1.6000/04 later.

Sell on recovery for 1.6045 n only abv 1.6120/25
signals intra-day low is made, risks 1.6150/55.

Range Forecast
1.6045 / 1.6080

Resistance/Support
R: 1.6104/1.6123/1.6163
S: 1.6027/1.6004/1.5967