FOREX MARKET OUTLOOK ON MAJORS: GBP/USD

GBP/USD: 1.4605

Last Update At  28 Apr 2009 16:39 GMT

Despite cable's strg retreat after intra-day
rebound fm 1.4518 to 1.4692, as long as 1.4564 sup
holds, consolidation with upside bias remains for
gain to 1.4640, abv wud encourage for re-test of
1.4692/95 res area.

Buy on dips with stop as indicated, break wud
prolong choppy trading n risk 1.4515/18 sup area...

Range Forecast
1.4610 / 1.4650

Resistance/Support
R: 1.4695/1.4745/1.4774
S: 1.4564/1.4515/1.4443