forex forecasts: Forex Market Outlook on Majors

Rate : 1.6360

Cable's intra-day breach of last week's low at
1.6391 suggests decline fm 1.7044 to retrace upmove
fm 1.5983 has resumed n further weakness to 1.6338
n then twds 1.6311 wud be seen, however, o/sold con
dition shud limit downside ot 1.6286.

Sell on recovery with stop as indicated, break
may bring rebound to 1.6450/60...

Range Forecast
1.6350 / 1.6380

Resistance/Support
R: 1.6436/1.6485/1.6513
S: 1.6338/1.6311/1.6286