INTRA-DAY GBP/USD:

Last Update At 27 Jul 2009 07:44 GMT

Rate : +1.6450+

Despite intra-day rally to 1.6525, subsequent
retreat suggests minor consolidation is seen but as
rebound fm 1.6382 (Asia) strongly suggests correct-
ion fm last week's top at 1.6587 has ended, reckon
1.6440/50 wud limit downside n yield another rise.

Buy on dips with stop as indicated n only abv
res at 1.6525 wud extend gain to 1.6540/50.

Range Forecast
+1.6445 / 1.6480+

Resistance/Support

R: 1.6525/1.6542/1.6587
S: 1.6446/1.6423/1.6382