Forex Market Outlook on Majors

INTRA-DAY GBP/USD OUTLOOK: 1.9834

Updating time :24 Dec 2007 04:30 GMT

As cable has recovered after testing good sup
at 1.9810 in Asia, further consolidation abv there
is seen with mild upside bias n marginal gain abv
1.9845 (Aust.) can't be ruled out but 1.9895 shud
remain intact n yield another retreat.

Sell on further rise n only below 1.9810 wud
confirm decline has finally resumed, 1.9770/80...

Range Forecast
1.9820 / 1.9845

Resistance/Support
R: 1.9845/1.9895/1.9928
S: 1.9810/1.9748/1.9660