INTR-DAY GBP/USD:

Last Update At 05 May 2009 17:12 GMT

Rate : 1.5114

Although cable's rebound after meeting renewed
buying at 1.5032 suggests pullback fm 1.5163 has
ended there n consolidation with upside bias is
seen, break there is needed to extend recent upmove
twd 1.5200 b4 correction due to loss of momentum.

Below 1.5080/90 wud prolong choppy trading n may
yield another fall twd 1.5032. Stand aside...

Range Forecast

1.5090 / 1.5130

Resistance/Support

R: 1.5163/1.5200/1.5235
S: 1.5032/1.4983/1.4949