INTRA-DAY GBP/USD:

Last Update At 15 Oct 2009 03:32 GMT

Rate : 1.6057

As cable has maintained a firm undertone after
penetrating y'day's high at 1.6026 (now sup) n mar-
ginal gain to 1.6075 is likely, however, as nr term
rise fm 1.5708 (Tue) is over-extended, reckon 1.60
85/90 wud cap upside n yield strg retreat later.

Remain as 'cautious' buyer on dips n only below
1.5995/00 confirms intra-day top made, 1.5962.

Range Forecast
1.6030 / 1.6065

Resistance/Support

R: 1.6075/1.6127/1.6200
S: 1.6002/1.5962/1.5920