INTRA-DAY GBP/USD OUTLOOK: 1.4240

Updating time : 17 Feb 2009 19:00 GMT


Cable's rebound after brief drop to 1.4193/95
suggests pullback fm 1.4314 has possibly ended
there, consolidation with mild upside bias is seen
n gain to 1.4280 can't be ruled out but breach of
1.4314/20 needed to bring strg retrace. to 1.4348.

Below 1.4193 wud signal correction fm 1.4123
is over n yield weakness to 1.4171 n 1.4150...

Range Forecast
1.4210 / 1.4250

Resistance/Support
R: 1.4320/1.4348/1.4421
S: 1.4188/1.4123/1.4052