INTRA-DAY GBP/USD:

Last Update At 08 Sep 2009 08:23 GMT

Rate : 1.6489

As cable has risen strongly in part due to
active cross buying in sterling, suggesting upmove
fm last week's low at 1.6113 to retrace recent de-
cline wud extend twd 1.6515/20, however, o/bot con-
dition shud limit upside to 1.6547 n bring retreat.

Raise long entry lvl with stop as indicated,
below wud defer n risk pullback to 1.6400/10.

Range Forecast
1.6460 / 1.6500

Resistance/Support

R: 1.6522/1.6547/1.6625
S: 1.6445/1.6364/1.6322