INTRA-DAY GBP/USD OUTLOOK: 1.5035

Updating time : 12 Jan 2009 08:18 GMT

Cable's breach of Australian sup at 1.5052 sig
nals erratic decline fm last week's top at 1.5374
to retrace recent upmove has resumed n further weak
ness twds 1.4984 is seen, however, nr term loss of
momentum shud limit downdeit to 1.4940/50.

Sell on recovery with stop as indicated, abv
wud suggest low is possibly made n risk 1.5110/20..

Range Forecast
1.5020 / 1.5055

Resistance/Support

R: 1.5115/1.5165/1.5208
S: 1.4984/1.4939/1.4862