INTRA-DAY GBP/USD OUTLOOK: 1.4128

Updating time : 29 Jan 2009 04:23 GMT


Cable's breach of 1.4148 in part due to active
cross selling in sterling signals the corrective
decline fm y'day's high at 1.4377 has resumed n
although weakness to 1.4080/90 cannot be ruled out,
1.4050 shud hold due to near term o/sold condition.

Abv 1.4190/00 wud indicate an intra-day low is
made n bring rebound to 1.4230/40. Stand aside...

Range Forecast
1.4100 / 1.4150

Resistance/Support

R: 1.4206/1.4280/1.4377
S: 1.4114/1.4065/1.4024