INTRA-DAY GBP/USD:

Last Update At 07 May 2009 17:17 GMT

Rate : 1.5008

Although cable's intra-day selloff fm 1.5198
signals recent upmove has formed a temp. top there
n retrace. twd 1.4990 wud be seen, near term o/sold
condition shud prevent sharp move below there n
1.4945/55 wud hold fm here.

Wud not chase this move n look to sell recovery
as reckon 1.5074 (prev. res) wud cap upside...

Range Forecast 
1.5029 / 1.5060

Resistance/Support

R: 1.5074/1.5114/1.5163
S: 1.4990/1.4949/1.4897