INTRA-DAY GBP/USD OUTLOOK: 1.4592

Updating time : 14 Jan 2009 23:19 GMT

Cable's rebound after y'day's sharp fall fm
1.4710 to 1.4493 suggests further consolidation abv
this week's low at 1.4470 is in store n gain to
1.4630/35 cannot be ruled out but 1.4660/70 shud
limit upside n yield retreat later.

Below 1.4540/50 wud bring weakness twds 1.4493
but 1.4470 shud hold on 1st testing. Stand aside...

Range Forecast
1.4575 / 1.4615

Resistance/Support

R: 1.4631/1.4710/1.4750
S: 1.4538/1.4493/1.4470