INTRA-DAY GBP/USD:

Last Update At 03 Jun 2009 05:49 GMT

Rate :  1.6645

Although cable has risen after brief pullback n
recent upmove is likely to extend to 1.6665/75, nr
term loss of upward momentum wud prevent sharp move
beyond 1.6695/00 n risk fm there has increased for
a retreat later.

Wud not chase this move n buy on pullback as
downside shud be ltd to 1.6595 (prev. res)...

Range Forecast

1.6625 / 1.6660

Resistance/Support
R: 1.6675/1.6696/1.6723
S: 1.6595/1.6545/1.6497