INTRA-DAY GBP/USD OUTLOOK: 1.4170

Updating time : 27 Jan 2009 23:33 GMT


Despite y'day's retreat fm 1.4242, renewed buy
ing at 1.4024 has lifted cable n as long as this
sup holds, upmove fm last week's low at 1.3500 to
correct recent decline shud resume for re-test of
1.4242 n later twds 1.4320/30.

Buy on dips with stop as indicated, break wud
signal top is made n risk retrace. to 1.3960/70.

Range Forecast

07:30GMT 

Resistance/Support

R: 1.4242/1.4350/1.4470
S: 1.4114/1.4024/1.3931