INTRA-DAY GBP/USD:

Last Update At 14 Aug 2009 05:58 GMT

Rate : 1.6586

Cable's rebound after brief fall to 1.6540
suggests an intra-day low has possibly been formed
n consolidation with mild upside bias is seen, how-
ever, abv 1.6605 (Asia) is needed to signal retreat
fm y'day's high at 1.6670 has ended, 1.6630/40.

Below 1.6540 wud bring correction of near term
rise fm 1.6391 to 1.6500/10. Stand aside for now.

Range Forecast
1.6555 / 1.6595

Resistance/Support

R: 1.6605/1.6633/1.6670
S: 1.6540/1.6471/1.6427