INTRA-DAY GBP/USD OUTLOOK: 1.4260

Updating time : 12 Feb 2009 08:26 GMT

Although cable has remained under pressure after
breaking y'day's low at 1.4315 (now res), loss of
downward momentum shud prevent sharp fall below 1.
4235/40 n reckon 1.4200 wud hold fm here n yield a
corrective rebound later.

Wud not chase this move here n stand aside. Abv
said res wud signal temp. low is possibly made...

Range Forecast
1.4250 / 1.4290

Resistance/Support

R: 1.4335/1.4419/1.4485
S: 1.4243/1.4200/1.4129