INTRA-DAY GBP/USD:

Last Update At 20 Aug 2009 09:23 GMT

Rate : +1.6515+

Despite cable's brief rise to 1.6611 after the
release of much higher-than-expected U.K. retail
sales data, subsequent retreat signals an intra-day
top has possibly been made, however, sup at 1.6503
shud contain pullback n yield rebound later.

Buy on dips with stop as indicated, break wud
bring stronger retrace. of rise fm 1.6275 to 1.6440

Range Forecast
1.6515 / 1.6555

Resistance/Support

R: 1.6570/1.6611/1.6670
S: 1.6503/1.6480/1.6433