GBP/USD Intra-Day Signal
By AceTrader
posted 12:40 01/17/11
| GBP/USD News
 
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INTRA-DAY GBP/USD: 1.5842

Last Update At 17 Jan 2011 09:33 GMT

Despite cable's brief bounce fm 1.5832 to 1.5874, current retreat suggests further choppy trading below last Friday's high of 1.5889 wud continue n breach of 1.5832 wud bring weakness twds 1.5810 sup b4 prospect of another rebound later.

Sell on recovery with stop as indicated n only abv 1.5889 wud extend rise fm 1.5345 to 1.5911 res.

Range Forecast
1.5832 / 1.5860

Resistance/Support
R: 1.5889/1.5911/1.5949
S: 1.5810/1.5784/1.573

 

 
 
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