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INTRA-DAY GBP/USD OUTLOOK +1.8980+

Updating time :
21 Nov 2006 07:41 GMT

Cable's retreat after intra-day rise to 1.8996
in Asia suggests consolidation below there wud be
seen with downside bias n below 1.8956 wud signal a
temp. top has been formed, bring correction of near
term rise fm 1.8835 to 1.8928/30 later.

Reinstate short on recovery with stop as indica
ted, break risks marginal gain to 1.9030/35 b4 down

Range Forecast

+1.8963 / 1.8985+

Resistance/Support

R: 1.8996/1.9039/1.9051
S: 1.8928/1.8888/1.8835

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