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[AceTraderFX]

INTRA-DAY GBP/USD OUTLOOK: 1.4838
Updating time : 16 Jan 2009 05:53 GMT
Although cable has penetrated intra-day res at
1.4810 after finding renewed buying around 1.4760/
65 n the erratic rise fm this week's low at 1.4470
to retrace recent decline may extend to 1.4860/70,
o/bot condition wud limit upside fm here to 1.4910.

Wud not chase this move n stand aside. Below
1.4760/65 wud bring pullback to 1.4710 b4 up...

Range Forecast
1.4810 / 1.4850

Resistance/Support
R: 1.4863/1.4910/1.4953
S: 1.4764/1.4710/1.4659

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