INTRA-DAY GBP/USD OUTLOOK: 1.5195

Updating time : 09 Jan 2009 08:53 GMT

Although current retreat suggests an intra-day
top is possibly formed at 1.5275 n consolidation
with mild downside bias is seen, break of 1.5166
sup is needed to signal another corrective decline
fm y'day's 1.5374 high is under way to 1.5124.

Stand aside n look to turn short on recovery as
upside shud be ltd to 1.5250 n said res wud hold...

Range Forecast
1.5180 / 1.5220

Resistance/Support
R: 1.5275/1.5374/1.5422
S: 1.5166/1.5107/1.5088