Forex Market Outlook on Majors

Forex Market Outlook on Majors

Wed, Aug 19 2009, 09:25 GMT

Latest Report Comprehensive Of movements Today Market Forex

Ace Trader

INTRA-DAY GBP/USD:

Last Update At 19 Aug 2009 09:17 GMT

Rate : +1.6382+
Present anticipated selloff after meeting
renewed selling at 1.6491 on the release of BOE's
minutes confirms decline fm 1.6594 has resumed n
further weakness to 1.6380/90 is likely, however,
o/sold condition shud limit fall to 1.6350/60.

Still favour selling cable on recovery with stop
as indicated n only abv 1.6491 signals low made...

Range Forecast
+1.6370 / 1.6420+

Resistance/Support
R: 1.6439/1.6511/1.6561
S: 1.6328/1.6275/1.6210

Profits Too many For today

Good Lucky For all