INTRA-DAY GBP/USD:

Last Update At 12 Aug 2009 02:56 GMT

Rate : +1.6478+

Despite near term choppy trading abv 1.6431,
as long as 1.6528 (y'day's Asian high) holds, conso
lidation with downside bias is seen for weakness to
1.6450/60, however, below said sup is needed to
confirm decline fm 1.7044 has resumed, 1.6390/00.

Sell on recovery with stop as indicated, abv
wud risk correction to 1.6550/60 b4 down.

Range Forecast
+1.6465 / 1.6500+

Resistance/Support

R: 1.6528/1.6556/1.6587
S: 1.6453/1.6431/1.6405