Forex Market Outlook on Majors
INTRA-DAY GBP/USD: 1.6067 Last Update At 31 Dec 2009 04:50 GMT Although cable’s o/n ‘cross-inspired’ strg rally to 1.6095 (NY) confirms recent decline has finally made a low y’day at 1.5832 n marginal gain is like- ly, o/bot condition shud prevent strg rise in Asia n reckon 1.6120/30 wud cap upside n yield retreat. For st trade, sell on next upmove for 1.6070 n if price drops to 1.6025 1st, buy for 1.6075. Range Forecast 1.6045 / 1.6080 Resistance/Support R: 1.6095/1.6122/1.6167 S: