Forex signal: Sell on intra-day recovery for 1.5660 1st with
stop abv 1.5735 (European morning low). http://www.acetraderfx.com
INTRA-DAY GBP/USD: 1.5650
Last Update At 18 Feb 2010 00:40 GMT
Although cable has remained under pressure after
y’day’s anticipated fall fm 1.5816 to 1.5667 (NY),
nr term o/sold condition shud prevent further steep
drop in Asia initially n expect consolidation to
take place b4 prospect of decline twd 1.5628.
Sell on intra-day recovery for 1.5660 1st with
stop abv 1.5735 (European morning low).
Range Forecast
1.5635 / 1.5685
Resistance/Support
R: 1.5688/1.5735/1.5795
S: 1.5628/1.5580/1.5535
