INTRA-DAY GBP/USD:

Last Update At 06 Aug 2009 06:19 GMT

Rate : 1.7004

As cable has risen after brief retreat, caution
is advised on our intra-day short n 1.7015/20 must
hold for prospect of another fall, below 1.6957 sup
(Asia) wud extend weakness to 1.6932 n 1.6900/10.

Trade fm short side, stop as indicated n only
abv y'day's high at 1.7044 wud signal recent upmove
has once again resumed, 1.7070/80 later.

Range Forecast
1.6980 / 1.7010

Resistance/Support

R: 1.7044/1.7074/1.7157
S: 1.6957/1.6932/1.6888