INTRA-DAY GBP/USD:

Last Update At 22 May 2009 08:22 GMT

Rate :  +1.5820+

As cable has rebounded after intra-day retreat
to 1.5757, suggesting recovery twds 1.5820/25 can't
be ruled out, however, if our view temp. top formed
at 1.5898 is correct, upside wud be ltd n yield
another fall later.

Exit short n sell again on further rise. Below
said sup wud bring retrace. to 1.5720/25...

Range Forecast
+1.5785 / 1.5825+

Resistance/Support

R: 1.5898/1.5956/1.6000
S: 1.5757/1.5691/1.5614