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INTRA-DAY GBP/USD: 1.5642

Last Update At 02 Dec 2010 10:06 GMT

Cable has finally penetrated y'day's high at 1.5
649 after early brief retreat to 1.5585, suggesting the corrective upmove fm this week's low at 1.5485 wud extend twd 1.5686, however, loss of momentum is likely to cap price at 1.5700/10.

Raise long entry for this move n only below 1.55
85 wud abort intra-day bullishness on sterling.

Range Forecast
1.5640 / 1.5680

Resistance/Support
R: 1.5686/1.5700/1.5725
S: 1.5649/1.5631/1.5585

http://www.acetraderfx.com

[B]US Unemployment Claims and Pending Home Sales are the main events this day .Let’s see what awaits us today.[/B]

In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past week is about to rise by 18K. Important signal of overall economic health.

Read the rest of the [URL="http://www.forexcrunch.com/category/daily-analysis/"]forex daily outlook[/URL].

INTRA-DAY EUR/USD OUTLOOK

Last Update At 02 Dec 2010 05:55 GMT

Rate : 1.3115

Euro's intra-day retreat to 1.3087 suggests
choppy trading below y'day's high of 1.3183 wud continue, caution is advised on our intra-day low n price needs to hold abv 1.3080/87 for prospect of a rebound to 1.3150, abv yields re-test of said res.

Trade fm long side with stop as indicated, break
wud risk stronger pullback twds 1.3047 sup b4 up.

Range Forecast
1.3087 / 1.3120

Resistance/Support
R: 1.3150/1.3183/1.3215
S: 1.3087/1.3047/1.3023

http://www.acetraderfx.com

Forex Trades 12/02 - European session
[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpusd"]GBP/USD - British Pound / US Dollar[/url][/b]
[b]Entry[/b]: 1.5625
[b]Stop[/b]: 1.5675
[b]Resistances[/b]: 1.584 - 1.573 - 1.565
[b]Supports[/b]: 1.5485 - 1.555 - 1.5595

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurgbp"]EUR/GBP - Euro / British Pound[/url][/b]
[b]Entry[/b]: 0.8405
[b]Stop[/b]: 0.8445
[b]Resistances[/b]: 0.86 - 0.8515 - 0.844
[b]Supports[/b]: 0.831 - 0.8335 - 0.8385

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] ...