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

GBP/USD: 1.4820

Last Update At 30 Apr 2009 15:34 GMT

Despite cable's brief but strg rebound fm
1.4703 to 1.4859 due to cross buying in sterling,
subsequent retreat suggests consolidation with
downside bias remains n weakness to 1.4760/70 is
likely, below wud extend to 1.4730/40.

Sell at market with stop as indicated n only
abv 1.4859 wud defer n bring gain to 1.4889...

Range Forecast
1.4780 / 1.4830

Resistance/Support
R: 1.4859/1.4889/1.4949
S: 1.4703/1.4686/1.4648