INTR-DAY GBP/USD:

Last Update At 05 May 2009 09:42 GMT

Rate : +1.5080+

Although cable has retreated after early
anticipated rise to 1.5112 n sideways trading wud
be seen, dlr's weakness against other European ccys
shud provide support here n recent upmove shud
resume n extend gain twds 1.5134.

Buy again on dips with stop as indicated n only
below 1.5049 wud signal temp. top made, 1.5000/10..

Range Forecast
1.5075 / 1.5112

Resistance/Support

R: 1.5134/1.5200/1.5235
S: 1.5049/1.4983/1.4949