INTRA-DAY GBP/USD OUTLOOK: 1.4531

Updating time : 05 Jan 2009 07:41 GMT

Although cable has retreated after intra-day
rise to 1.4578 n consolidation below there is in
store, break of 1.4485/90 is needed to confirm top
has been formed there n bring weakness to 1.4450,
then 1.4428 later.

Abv said res wud yield stronger a recovery to 1.
4610/15 but reckon 1.4650 wud hold. Stand aside...

Range Forecast

+1.4525 / 1.4565+

Resistance/Support

R: 1.4578/1.4612/1.4679
S: 1.4455/1.4428/1.4375