INTRA-DAY GBP/USD:

Last Update At 29 May 2009 02:19 GMT

Rate :  1.5964

Despite intra-day euro-led bounce, if our broad
consolidative outlook is correct, reckon 1.5980/90
wud limit upside n o/n NY high at 1.6016 wud hold,
bring further choppy trading below this wk's temp.
top at 1.6087.

Exit intra-day long n stand aside. Only below
1.5905/10 wud yield weakness to NY low at 1.5876.

Range Forecast
1.5945 / 1.5975

Resistance/Support

R: 1.6016/1.6040/1.6087
S: 1.5918/1.5876/1.5852