INTRA-DAY GBP/USD:

Last Update At 31 Jul 2009 02:30 GMT

Rate : 1.6519

As cable has penetrated y'day's European high at
1.6526 in line with the dlr's broad-based weakness,
suggesting near term rise fm 1.6338 (y'day's low in
Australia) wud extend twd 1.6540 n possibly 1.6558
but res at 1.6587 shud hold on 1st testing.

Trade fm long side with stop at break-even n
only below 1.6488 wud risk pullback twd 1.6459.

Range Forecast
1.6505 / 1.6535

Resistance/Support

R: 1.6558/1.6587/1.6622
S: 1.6488/1.6459/1.6405