INTRA-DAY GBP/USD:

Last Update At 02 Jun 2009 05:43 GMT

Rate :  1.6489

Current break of intra-day sup at 1.6410 signals
y'day's rally is still being retraced n weakness to
1.6350/55 is likely, however, reckon downside wud
be ltd to 1.6300/05 n yield rebound later.

Stand aside for now n buy on further fall for
day trade. Abv 1.6410 wud bring recovery to 1.6445/
50 but break of 1.6467 needed to confirm low made..

Range Forecast
1.6370 / 1.6410

Resistance/Support

R: 1.6467/1.6497/1.6550
S: 1.6378/1.6349/1.6304