INTRA-DAY GBP/USD:

Last Update At 01 Sep 2009 08:49 GMT

Rate : 1.6243

As cable has fallen after meeting renewed sell-
ing around 1.6281, suggesting intra-day decline fm
1.6376 wud extend to 1.6220/30 n possibly 1.6200
but broad outlook is consolidative n reckon 1.6184
wud hold, yield recovery later.

Trade fm short side with stop as indicated, abv
wud defer n risk rebound to 1.6310/20.

Range Forecast
1.6230 / 1.6265

Resistance/Support

R: 1.6281/1.6330/1.6382
S: 1.6235/1.6184/1.6153