INTRA-DAY GBP/USD OUTLOOK: 1.3871

Updating time : 22 Jan 2009 07:46 GMT

Despite intra-day breach of 1.3840, cable's sub-
sequent bounce fm 1.3818 suggests an intra-day low
has possibly been formed n risk is seen for gain to
1.3900/10, however, abv 1.3940 is needed to signal
pullback fm 1.4030 has possibly ended.

Exit intra-day short n stand aside. Below 1.3818
wud bring one more fall to 1.3780/85 b4 rebound...

Range Forecast
1.3850 / 1.3890

Resistance/Support

R: 1.3942/1.3978/1.4030
S: 1.3818/1.3772/1.3707