INTRA-DAY GBP/USD:

Last Update At 08 Jun 2009 05:45 GMT

Rate :  1.5937

Although cable has remained under pressure n
last week's selloff fm 1.6664 may extend marginally
twds 1.5900/05, loss of nr term downward momentum
shud prevent sharp fall below there n reckon 1.5870
/75 wud hold.

Wud not chase this move n stand aside. Abv 1.59
75/80 wud bring recovery to 1.6000 b4 down...

Range Forecast

+1.5880 / 1.5915+

Resistance/Support
R: 1.5980/1.6039/1.6090
S: 1.5852/1.5826/1.5800