INTRA-DAY GBP/USD:

Last Update At 07 May 2009 08:54 GMT

Rate : +1.5125+

Despite cable's brief retreat to 1.5072 due
to cross unwinding in sterling, subsequent rebound
suggests consolidation with upside bias remains n
gain to 1.5135/40 is likely but breach of 1.5160/63
needed to confirm upmove has resumed, 1.5200.

Reinstate long on dips with stop as indicated,
break wud prolong choppy trading n risk 1.5030/40..

Range Forecast
+1.5090 / 1.5130+

Resistance/Support

R: 1.5163/1.5200/1.5271
S: 1.5072/1.4990/1.4949