INTRA-DAY GBP/USD OUTLOOK: 1.3698

Updating time : 23 Jan 2009 07:57 GMT

Although cable's breach of 1.3690 (y'day's low)
signals correction fm this week's low at 1.3620 has
indeed ended earlier at 1.4030, nr term o/sold con-
dition shud limit downside to 1.3640/50 n reckon
said sup wud hold on 1st testing.

Stand aside n look to sell again on recovery as
only abv 1.3750/60 wud risk rebound to 1.3790...

Range Forecast
1.3680 / 1.3730

Resistance/Support

R: 1.3790/1.3828/1.3881
S: 1.3650/1.3620/1.3567