Wednesday, May 28, 2008

GBP/USD Mid-Day Outlook

Cable edges higher to 1.9852 earlier today but quickly settled back into established tight range. After all, intraday bias is still mildly on the upside as long as 1.9750 support holds. Further rally is expected to 2.0029 resistance. Break will encourage rise to retest 2.0391. On the downside, below 1.9750...



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