INTRA-DAY GBP/USD OUTLOOK: 1.5050

Updating time : 08 Jan 2009 04:25 GMT

Cable's intra-day weakness in part due to cross
selling in sterling suggests further consolidation
below y'day's high at 1.5285 is in store n correct-
tion of recent upmove to 1.5000/10 cannot be ruled
out b4 prospect of a rebound.

Wud not chase this move n stand aside. Abv 1.50
85/90 wud bring gain twd Australian high at 1.5142.

Range Forecast

1.5035 / 1.5075

Resistance/Support

R: 1.5087/1.5142/1.5207
S: 1.5035/1.4994/1.4933