INTRA-DAY GBP/USD:

Last Update At 04 Aug 2009 07:42 GMT

Rate : 1.6918

Although cable has retreated after faltering
below 1.7005 res n minor consolidation wud be seen,
pullback wud be ltd n as long as 1.6880 (prev. res)
holds, a rebound is still likely, however, abv 1.69
55/60 needed to signal pullback is over, 1.7005.

Buy on dips with stop as indicated, break wud
signal temp. top is made n risk 1.6850/51...

Range Forecast
1.6895 / 1.6935

Resistance/Support

R: 1.7005/1.7058/1.7085
S: 1.6880/1.6818/1.6780