INTRADAY TRADING SIGNAL BY ACETRADER.COM: GBP/USD
GBP/USD: 1.4820
Late Update At 11 May 2010 02:56 GMT
As cable has remained under pressure after meeting renewed selling earlier at 1.4875 n breach of intra-day sup at 1.4819 (AUS) wud extend decline fm y'day's 1.5054 high to 1.4790/00, near term loss of momentum shud keep price abv 1.4760/64.
Wud be prudent to exit long n buy again on such decline but abv 1.4875 needed to extend twd 1.4900.
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