INTRA-DAY GBP/USD:

Last Update At 06 Oct 2009 06:03 GMT

Rate : +1.5985+

Despite daily consolidative outlook on sterling,
intra-day rise in euro shud keep price firm here
n nr term upside bias remains for gain to 1.6000
but reckon y'day's high at 1.6025 wud hold.

Turn cautious buyer on dips n only below 1.5903
(y'day's low) wud shift risk to downside for subse-
quent weakness to 1.5864/68.

Range Forecast

1.5970 / 1.6000

Resistance/Support
R: 1.6005/1.6025/1.6127
S: 1.5927/1.5903/1.5859