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GBP/USD Intra-day signal by AceTrader

Discussion in 'Market Predictions and Reports' started by acetraderfx, Jan 5, 2011.

  1. acetraderfx

    acetraderfx AceTrader.com Representative

    Joined:
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    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
     
  2. acetraderfx

    acetraderfx AceTrader.com Representative

    Joined:
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    Messages:
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    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
     

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