INTRA-DAY GBP/USD OUTLOOK: 1.4887

Updating time : 07 Jan 2009 08:07 GMT

Cable's retreat fm 1.4970 on active cross sell-
ing in sterling suggests recent upmove is not ready
to resume n further choppy trading below y'day's
1.4994 high in store, breach of 1.4862 (Asia) wud
bring correction twds 1.4810/20 b4 rebound.

Stand aside n look to buy for day trade as abv
1.4970 wud yield re-test of 1.4994 n then 1.5030/40

Range Forecast
1.4875 / 1.4915

Resistance/Support

R: 1.4970/1.4994/1.5037
S: 1.4862/1.4831/1.4790