INTRA-DAY GBP/USD:

Last Update At 08 May 2009 06:36 GMT

Rate : 1.5060

Present breach of 1.5052 signals rise fm 1.4942
to retrace y'day's selloff is under way n gain to
1.5075/80 cannot be ruled out, however, reckon 1.51
14 shud cap upside n yield another decline later.

Wud not chase current rise n look to sell cable
on furtther recovery for day trade as recommended.
Below 1.5000/05 wud bring weakness to 1.4968 1st...

Range Forecast
1.5025 / 1.5075

Resistance/Support

R: 1.5114/1.5163/1.5198
S: 1.4968/1.4942/1.4897