INTRA-DAY GBP/USD:

Last Update At 19 May 2009 16:48 GMT

Rate :  1.5475

Cable's retreat after testing 1.5515 suggests as
long as said res holds, another corrective fall twd
1.5427 is seen but break needed to signal a temp.
top has been made n yield retrace. twd 1.5390/00,
however, price wud keep well abv 1.5354 (prev. res).

For st trade, sell recovery with stop abv 1.5515
as break wud extend recent upmove twd 1.5560/70...

Range Forecast
1.5450 / 1.5500 

Resistance/Support

R: 1.5515/1.5566/1.5625
S: 1.5427/1.5354/1.5288