INTRA-DAY GBP/USD:

Last Update At 20 Jul 2009 08:06 GMT

Rate : 1.6496

Although cable has retreated after anticipated
rally to 1.6517 n sideways trading wud be seen,
pullback shud be ltd n as long as 1.6427 holds,
recent erratic upmove fm 1.5983 wud resume for re-
test of said res, abv extends gain twds 1.6546.

Buy on dips with stop as indicated, break wud
risk stronger pullback to 1.6400...

Range Forecast
1.6470 / 1.6517

Resistance/Support

R: 1.6517/1.6546/1.6619
S: 1.6427/1.6390/1.6320