INTRA-DAY GBP/USD OUTLOOK: 1.4754

Updating time : 13 Jan 2009 06:50 GMT

Cable's rebound after intra-day selloff to 1.47
11 suggests a low has possibly been formed there n
gain to 1.4780/90 cannot be ruled out but break of
1.4827 (Aust.) is needed to confirm n bring correct
ion to 1.4860/70.

Below 1.4711 wud extend the decline fm 1.5374
to 1.4660/70. Stand aside in the meantime...

Range Forecast
1.4730 / 1.4770

Resistance/Support

R: 1.4803/1.4827/1.4886
S: 1.4711/1.4650/1.4578