INTRA-DAY GBP/USD OUTLOOK: 1.4236

Updating time : 16 Feb 2009 12:00 GMT

Although cable has retreated after intra-day
rebound to 1.4277 n consolidation with downside
bias is seen, break of 1.4175/80 needed to signal
decline has resumed for re-test of 1.4150, then
1.4138 but reckon 1.4100 wud hold.

Stand aside n look to sell on recovery as 1.4300
shud cap upside n yield selloff...

Range Forecast

1.4220 / 1.4260

Resistance/Support

R: 1.4279/1.4315/1.4348
S: 1.4200/1.4150/1.4138