INTRA-DAY GBP/USD:

Last Update At 14 Oct 2009 07:48 GMT

Rate : 1.5965

As cable has recovered after finding renewed
buying at 1.5946, suggesting pullback fm 1.5995 has
possibly ended there, however, breach of said res
needed to extend y'day's rally fm 4-month low of 1.

5708 to 1.6020/30 but reckon 1.6063 wud cap upside.
Below 1.5946 wud bring a retrace. twds 1.5902.
Suggest to stand aside in the meantime...

Range Forecast
1.5940 / 1.5975

Resistance/Support

R: 1.5995/1.6063/1.6127
S: 1.5902/1.5844/1.5807