INTRA-DAY GBP/USD:

Last Update At 11 May 2009 06:27 GMT

Rate : +1.5225+

Cable's retreat after faltering below Australian
high of 1.5280 suggests sideways trading wud be
seen, however, pullback shud be ltd to 1.5165/70,
yield resumption of recent upmove, abv said res wud
extend gain to 1.5300.

Buy dips with stop as indicated, break wud risk
retrace. to 1.5135/40 b4 up...

Range Forecast
+1.5205 / 1.5240+

Resistance/Support

R: 1.5280/1.5300/1.5364
S: 1.5178/1.5121/1.5044