INTRA-DAY GBP/USD:

Last Update At 05 Jun 2009 07:57 GMT

Rate :  1.6034

As cable has fallen after brief recovery partly
due to active cross-selling in sterling, suggesting
recent decline remains in progress n weakness twds
1.6000/05 cannot be ruled out, however, loss of nr
term momentum wud limit downside to 1.5980.

Abv 1.6085/90 wud signal low is possibly made,
break of 1.6106/10 confirms, 1.6140/50. Stand aside

Range Forecast
1.6020 / 1.6060

Resistance/Support

R: 1.6106/1.6150/1.6208
S: 1.6017/1.5953/1.5921