Saturday, May 17, 2008

GBP/USD Mid-Day Outlook

Cable continues to engage in choppy sideway trading in tight range above 1.9363 today. Outlook remains unchanged. Downside momentum continues to diminish as seen in bullish convergence condition in 4 hours MACD and RSI. While further decline could be seen, downside is still expected to be contained by 1.9337 low...




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