INTRA-DAY GBP/USD:

Last Update At 27 Aug 2009 06:01 GMT

Rate : 1.6228

Cable's brief rise to 1.6247 following release
of Nationwide house price data suggests caution on
our short n prev. res at 1.6250 must hold for pros-
pect of another fall, below 1.6180/90 wud signal
recent decline has once again resumed, 1.6160 1st.

Trade fm short side with stop as indicated n
only abv 1.6270/75 wud abort daily bearishness.

Range Forecast
1.6210 / 1.6240

Resistance/Support
R: 1.6250/1.6275/1.6357
S: 1.6210/1.6160/1.6118