INTRA-DAY GBP/USD OUTLOOK: 1.4604

Updating time : 06 Feb 2009 06:50 GMT

Despite intra-day bounce fm 1.4590 to 1.4648,
lack of follow through buying n subsequent retreat
suggest choppy trading below y'day's 1.4703 high
wud continue, however, breach of said sup is needed
for correction of recent rise to 1.4540/50.

Abv 1.4648 wud yield gain to 1.4670/80 but only
abv 1.4703 confirms upmove has once again resumed..

Range Forecast
1.4590 / 1.4625

Resistance/Support

R: 1.4648/1.4703/1.4756
S: 1.4590/1.4534/1.4479