INTRA-DAY GBP/USD:

Last Update At 05 Aug 2009 07:20 GMT

Rate : 1.6927

Despite near term sideways trading, as long as
y'day's sup at 1.6888 holds, consolidation with
upside bias remains for another bounce to 1.6950/60
but breach of 1.6968 needed to confirm correction
fm 1.7005 is over n yield re-test of said res.

Buy on dips with stop as indicated, break wud
risk stronger retrace. to 1.6840/50...

Range Forecast
1.6900 / 1.6940

Resistance/Support

R: 1.6968/1.7005/1.7058
S: 1.6888/1.6818/1.6780