INTRA-DAY GBP/USD:

Last Update At 25 Sep 2009 07:59 GMT

Rate : 1.6009

Although cable has retreated after marginal
gain to 1.6039 in European morning, pullback wud be
ltd to 1.5981 n bring another corrective upmove fm
1.5917 low to re-test of said res, however, reckon
1.6070/72 shud cap upside n yield selloff later.

Buy on dips with stop as indicated, break wud
risk weakness to 1.5944 but said sup shud hold....

Range Forecast
1.5990 / 1.6030

Resistance/Support

R: 1.6039/1.6072/1.6113
S: 1.5944/1.5917/1.5856