Forex Market Outlook on Majors
INTRA-DAY GBP/USD: 1.4951 Last Update At 11 Mar 2010 03:17 GMT Although y’day’s bounce fm 1.4873 to 1.5093 (NY) confirms decline fm Monday’s 1.5197 high has made a temp. low there, intra-day weakness suggests furth- er sideways trading is likely b4 prospect of ano- ther corrective rise twd 1.5017 later. Exit long n buy again on marginal decline with stop as indicated but 1.4873 shud hold today. Range Forecast 1.4940 / 1.4970 Resistance/Support R: 1.4993/1.5017/1.5031 S: 1.4928/1.4900/1.4873