INTRA-DAY GBP/USD OUTLOOK: 1.4822

Updating time : 23 Dec 2008 06:47 GMT

Cable's intra-day sideways trading is expected
to continue n although gain to 1.4849/50 cannot be
ruled out, break there is needed to confirm erratic
rise fm 1.4687 (y'day's low) to retrace recent fall
has resumed n extend to 1.4890/00.

Below 1.4795/00 wud bring weakness to 1.4770 n
possibly 1.4750 b4 another bounce. Stand aside...

Range Forecast
1.4805 / 1.4840

Resistance/Support

R: 1.4867/1.4909/1.4990
S: 1.4756/1.4687/1.4600