INTRA-DAY GBP/USD OUTLOOK: 1.4860

Updating time : 19 Jan 2009 06:44 GMT

Although cable has rebounded after intra-day re
treat fm 1.4910 to 1.4822, break of said res needed
to signal Friday's rise fm 1.4656 has resumed n fur
ther gain to 1.4940/50 wud follow, however, res at
1.4982 shud hold fm here.

Below 1.4822 wud prolong choppy trading n risk
weakness to 1.4795/00 but 1.4760 shud remain intact

Range Forecast
1.4845 / 1.4885

Resistance/Support

R: 1.4910/1.4945/1.4982
S: 1.4822/1.4795/1.4760