INTRA-DAY GBP/USD:

Last Update At 12 May 2009 16:51 GMT

Rate : 1.5235

Cable's breach of 1.5213 signals intra-day fall
fm 1.5354 to retrace recent upmove has resumed n
further weakness to 1.5172 is seen, however, reckon
1.5144 wud hold due to nr term anticipated o/sold
condition n risk corrective bounce later.

Sell on recovery with stop as indicated, only
abv 1.5288 defers n risks gain twd 1.5325/30...

Range Forecast

1.5190 / 1.5240

Resistance/Support

R: 1.5288/1.5327/1.5354
S: 1.5172/1.5144/1.5069