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Old 09-08-2010, 12:39 AM   #1

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INTRA-DAY GBP/USD OUTLOOK by AceTrader

Cable has continued to edge higher in tandem
with eur/usd in Asia after rebounding strongly fm
y'day's one-month low of 1.5296, suggesting consoli
dation with upside bias remains for gain to 1.5405,
however, reckon 1.5425 (y'day's high) wud hold.
For st trade, raise long entry for 1.5405 n only
below 1.5327 wud abort intra-day bullishness.

Range Forecast
1.5360 / 1.5390

Resistance/Support
R: 1.5393/1.5425/1.5490
S: 1.5344/1.5327/1.5296

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