Plus500

Plus500

By AceTrader
forex_20100201112809INTRA-DAY GBP/USD: +1.5915+

Last Update At 01 Feb 2010 09:36 GMT

Despite intra-day marginal weakness to 1.5905, current rebound after the release of much better-than-expected U.K. mfg PMI data suggests an intra-day low has possibly been made n consolidation with upside bias is seen for a minor retrace. to 1.5979.

Buy on dips with stop as indicated, break would bring one more fall to 1.5846/50….

Range Forecast
1.5915 / 1.5955

Resistance/Support
R: 1.5979/1.6018/1.6038
S: 1.5897/1.5812/1.5743

forex_20100201112809