INTRA-DAY GBP/USD:

Last Update At 15 Jul 2009 02:52 GMT

Rate :  1.6323

Although cable has maintained a firm undertone
partly due to cross buying in sterling, as o/n strg
bounce fm 1.6240 signals pullback fm y'day's high
at 1.6345 has ended, abv said res wud extend margi-
nally but reckon res at 1.6381 wud cap upside.

Sell cable if price rises to 1.6365 for 1.6325 n
if price dips to 1.6300 1st, buy for 1.6340.

Range Forecast
1.6300 / 1.6335

Resistance/Support

R: 1.6345/1.6381/1.6432
S: 1.6294/1.6240/1.6229