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INTRA-DAY GBP/USD OUTLOOK:            2.0330

Updating time :14 Mar 2008 06:06 GMT


Despite intra-day breach of 2.0337, cable's sub
sequent retreat fm 2.0359 suggests further consoli-
dation below y'day's high at 2.0390 is in store n
risk is seen for pullback twds 2.0281/91, however,
prev. sup at 2.0252 shud contain downside.

Exit long n stand aside. Abv 2.0359 wud revive
near term bullishness for re-test of 2.0390...

Range Forecast

2.0315 / 2.0345

Resistance/Support

R: 2.0359/2.0390/2.0465
S: 2.0281/2.0252/2.0221

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