INTRA-DAY GBP/USD:

Last Update At 07 Aug 2009 07:11 GMT

Rate : 1.6723

Although cable has penetrated Asian sup at
1.6744 due to active cross selling in sterling n
the decline fm this week's top at 1.7044 to retrace
recent upmove may extend twd 1.6696, loss of momen-
tum shud limit downside to 1.6650/60.

Wud not chase this move n stand aside. Abv 1.67
95 signals intra-day low is made, 1.6813, 1.6840/50

Range Forecast
1.6710 / 1.6745

Resistance/Support

R: 1.6795/1.6813/1.6888
S: 1.6696/1.6655/1.6587