INTRA-DAY GBP/USD:

Last Update At 18 May 2009 16:56 GMT

Rate :  1.5322

Although cable's intra-day rally fm 1.5116 to
1.5315 signals correction fm last wk's 1.5354 top
has ended earlier at 1.5059 n gain twd 1.5325/35
cannot be ruled out, outlook is consolidative n
reckon said res wud hold fm here n yield retreat.

Below 1.5260/65 wud prolong choppy trading but
1.5230/35 shud limit downside. Stand aside for now..

Range Forecast
1.5290 / 1.5340 

Resistance/Support
R: 1.5354/1.5400/1.5475
S: 1.5264/1.5233/1.5171