FOREX MARKET OUTLOOK ON MAJORS: GBP/USD

GBP/USD: 1.4613

Last Update At 28 Apr 2009 11:29 GMT

Cable's firmness after the release of much
better-than-expected U.K. CBI retail sales data
suggests choppy trading abv 1.4515/18 sup area wud
continue with upside bias n marginal gain fm here
is seen, however, reckon 1.4659 shud cap upside.


Wud be prudent to exit long n stand aside. Below
1.4570/75 wud signal recovery is over, 1.4540/45...

Range Forecast
1.4590 / 1.4630

Resistance/Support
R: 1.4628/1.4659/1.4695
S: 1.4515/1.4443/1.4397