Online Forex Trading - Its Monday,Cable puzzle on finding next direction.

posted by khairulazmi.com on 11th, 2007


After getting hits by a ‘tsunami’ last week,today Cable seem uncertain on finding a new direction - its is an usual Monday trend.

How ever there is a few data coming out in this early London,GBP monthly PPI Input.

But most trader will wait for more important data coming out late NewYork session, 0300 am GMT+8 Local time Governor King will be Speaking on latest economic view and may be a clue to future GBP overall view.

Possible a new wave coming out from that event.

So lets see today support and resistance :-

Intraday Support :-

S1 1.9650

S2 1.9590

S3 1.9510
Intraday Resistance  :-

R1 1.9730

R2 1.9780

R3 1.9820

I’ll elaborate more on Cable analysis tomorrow.

Regards.

If you like this post, buy me a coffee.

Popularity: 2% [?]


One Response to “Online Forex Trading - Its Monday,Cable puzzle on finding next direction.”

  1. JO Says:
    June 12th, 2007 at 5:38 am

    Those who either don`t find the time to trade or just find all this technical stuff too much effort should take a look at http://www.Manxxx-Forex-xxxxxxxs.xxxo

    admin edit : sorry no ads at comments area.If you want to ads anything, u can email a request througn an email.thank you.

Leave a Reply