INTRA-DAY GBP/USD:

Last Update At 18 May 2009 00:49 GMT

Rate : +1.5141+

Cable has fallen after meeting renewed selling
below 1.5195 (Aust.) n near term decline fm 1.5288
shud extend to 1.5090/00 but reckon sup at 1.5059
wud hold on 1st testing due to anticipated o/sold
condition, yield rebound later.

Sell on recovery with stop as indicated, abv
wud prolong consolidation n risk 1.5200/10...

Range Forecast
1.5120 / 1.5150

Resistance/Support

R: 1.5195/1.5249/1.5288
S: 1.5116/1.5086/1.5059