INTRA-DAY GBP/USD:

Last Update At 22 Jul 2009 23:28 GMT

Rate : 1.6458

Although sterling's rebound fm y'day's low at
1.6311 to 1.6506 (NY) suggests the strg pullback fm
this week's high at 1.6560 has ended, subsequent
retreat indicates 'sideways' trading is in store in
Asia n weakness twd 1.6400/10 can't be ruled out.

Stand aside n look to buy dips for day trade but
abv said res needed to extend to 1.6525/30.

Range Forecast
1.6435 / 1.6475

Resistance/Support

R: 1.6506/1.6529/1.6560
S: 1.6408/1.6355/1.6311