INTRA-DAY GBP/USD OUTLOOK: 1.4212

Updating time : 30 Jan 2009 04:22 GMT


Although cable's intra-day breach of 1.4200 sup
suggests erratic decline fm y'day's high at 1.4411
to retrace recent upmove may extend to 1.4150/60,
anticipated near term o/sold condition shud limit
downside fm here to 1.4100 n bring rebound,

Wud not chase this move n stand aside as abv
1.4250 wud signal low is possibly made, 1.4290/00..

Range Forecast
1.4185 / 1.4225

Resistance/Support
R: 1.4250/1.4300/1.4341
S: 1.4185/1.4071/1.4024