INTRA-DAY GBP/USD:

Last Update At 29 Jul 2009 05:45 GMT

Rate : +1.6405+

Cable's retreat after meeting renewed selling at
1.6470 (Asia) suggests the recovery fm 1.6390 has
possibly ended n below 1.6390/93 wud extend decline
fm y'day's high at 1.6558 twd 1.6366 n 1.6340/50 b4
prospect of a rebound later today.

Sell on pullback with stop as indicated, abv wud
risk gain to 1.6490/00 b4 down.

Range Forecast
+1.6395 / 1.6430+

Resistance/Support

R: 1.6470/1.6525/1.6558
S: 1.6382/1.6355/1.6311