INTRA-DAY GBP/USD:

Last Update At 24 Aug 2009 08:05 GMT

Rate : +1.6460+

Although cable's intra-day breach of 1.6465
signals decline fm last Friday's high at 1.6625 has
resumed, near term o/sold condition is likely to
limit downside n risk has increased for a correct-
ive bounce b4 prospect of another fall later.

Exit short n sell again on recovery. Below 1.64
19 wud bring retrace. of upmove fm 1.6275 to 1.6375

Range Forecast

+1.6440 / 1.6470+

Resistance/Support
R: 1.6499/1.6547/1.6583
S: 1.6419/1.6375/1.6328