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GBP/USD Intra-day signals by AceTrader

Discussion in 'Market Predictions and Reports' started by acetraderfx, May 17, 2010.

  1. acetraderfx

    acetraderfx AceTrader.com Representative

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    INTRA-DAY GBP/USD: 1.4413

    Last Update At 17 May 2010 06:40 GMT

    Cable's strg rebound after early selloff to
    1.4249 in Asia suggests consolidation wud be seen n
    stronger correction to 1.4430/35 cannot be ruled
    out, however, reckon price wud falter well below
    1.4496 (prev. sup, now res) n yield selloff.


    Below 1.4350/55 wud signal recovery has possibly
    ended n yield weakness to 1.4300/05. Stand aside.


    Range Forecast
    1.4370 / 1.4419

    Resistance/Support
    R: 1.4419/1.4475/1.4496
    S: 1.4303/1.4249/1.4212

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