INTRA-DAY GBP/USD OUTLOOK: 1.4410

Updating time : 04 Feb 2009 08:04 GMT


Despite intra-day fall to 1.4323, lack of follow
through selling n current strg rebound suggest the
pullback fm 1.4485 has possibly ended n mild upside
bias is seen for gain to 1.4430/35, however, break
of 1.4465 is needed to signal upmove has resumed.

Wud not chase this move here n look to buy on
pullback as 1.4360/70 wud limit downside...

Range Forecast
1.4390 / 1.4430

Resistance/Support

R: 1.4465/1.4485/1.4545
S: 1.4323/1.4298/1.4217