INTRA-DAY GBP/USD:

Last Update At 04 Jun 2009 08:04 GMT

Rate :  1.6396

As intra-day rise has gathered momentum after
the breach of 1.6342 (Asian high), suggesting risk
is for a stronger corrction of y'day's selloff n
further gain to 1.6410/20 cannot be ruled out but
reckon 1.6450 wud limit upside.

Exit short n stand aside. Below 1.6343 revives
bearishness for weakness to 1.6290/00...

Range Forecast
1.6370 / 1.6410

Resistance/Support
R: 1.6410/1.6457/1.6497
S: 1.6342/1.6283/1.6210