GBP/USD Intra-day signals by AceTrader

[acetraderfx]

INTRA-DAY GBP/USD: 1.4627

Last Update At 04 Jun 2010 07:12 GMT

Despite cable's brief bounce to 1.4651, current
retreat suggests recovery fm y'day's low of 1.4586
has possibly ended n consolidation with downside
bias wud be seen for weakness to 1.4604/09, break
confirms fall has resumed, 1.4586 n 1.4553.


Sell on recovery with stop as indicated, break
wud risk stronger bounce to 1.4688...


Range Forecast
1.4610 / 1.4651


Resistance/Support
R: 1.4651/1.4676/1.4723
S: 1.4604/1.4586/1.4553