Forex Market Outlook on Majors
Written by hendra on Tuesday, January 01, 2008INTRA-DAY GBP/USD OUTLOOK: 1.9955
Updating time :30 Dec 2007 22:23 GMT
Cable's rebound after Friday's cross-inspired
retreat fm 2.0023 to 1.9903 suggests further choppy
consolidation wud be seen, however, a rise abv 1.99
97/00 is needed to signal the upmove fm 1.9753 to
retrace early decline has resumed to 2.0023/31.
Below 1.9903 wud bring weakness twds 1.9880
but reckon 1.9850 (prev. res) wud remain intact...
Range Forecast
+1.9955 / 1.9985+
Resistance/Support
R: 1.9979/2.0000/2.0023
S: 1.9903/1.9880/1.9850
