INTRA-DAY GBP/USD OUTLOOK: 1.4260

Updating time : 18 Feb 2009 02:30 GMT


Despite intra-day rebound fm 1.4215 (Aust.), abv
1.4281 is needed to signal retreat fm 1.4314 has
ended at 1.4193 n bring resumption of the rise fm
y'day's low at 1.4123 to re-test aforesaid res at
1.4314 n then 1.4340/50.

Below 1.4215 wud bring another fall to 1.4193 n
then 1.4160/70. Stand aside n buy for day trade...

Range Forecast
1.4240 / 1.4275

Resistance/Support

R: 1.4281/1.4320/1.4348
S: 1.4215/1.4193/1.4123