INTRA-DAY GBP/USD:

Last Update At 15 May 2009 08:25 GMT

Rate : 1.5208

Although cable has retreated after faterling
below 1.5249 res n consolidation with mild downside
bias wud be seen, a breach of 1.5180 is needed to
signal rise fm 1.5069 has made a top there n yield
weakness to 1.5124.

Wud be prudent to exit short n stand aside.
Abv 1.5249 wud extend gain to 1.5280/90...

Range Forecast
1.5200 / 1.5249

Resistance/Support

R: 1.5249/1.5315/1.5354
S: 1.5174/1.5124/1.5059