FOREX MARKET OUTLOOK ON MAJORS: INTRA-DAY GBP/USD

GBP/USD: 1.4735

Last Update At 29 Apr 2009 12:45 GMT

Cable's retreat in part due to renewed cross
selling in sterling suggests an intra-day top has
possibly been made at 1.4796 n consolidation with
downside bias is seen n pullback to 1.4692/95 can't
be ruled out but reckon 1.4653 shud hold.
Abv 1.4760/65 wud signal pullback fm 1.4796 is
over instead n yield re-test of said res...

Range Forecast
1.4720 / 1.4760

Resistance/Support
R: 1.4796/1.4838/1.4853
S: 1.4695/1.4653/1.4607