INTRA-DAY GBP/USD:

Last Update At 03 Sep 2009 08:51 GMT

Rate : +1.6365+

Cable's breach of 1.6338 partly due to stronger-
than-expected U.K. services PMI data signals the
upmove fm this week's low at 1.6113 has resumed n
retrace. of recent decline twd 1.6379/82 is seen,
however, reckon 1.6420/30 wud limit upside fm here.

Raise long entry with stop as indicated, below
wud risk pullback to 1.6260/70 b4 up.

Range Forecast
+1.6340 / 1.6375+

Resistance/Support

R: 1.6382/1.6446/1.6465
S: 1.6284/1.6237/1.6191