INTRA-DAY GBP/USD:

Last Update At 19 Oct 2009 08:23 GMT

Rate : 1.6275

Despite cable's brief breach of 1.6253 (Friday's
low), lack of follow through selling n present
rebound due partly to intra-day dlr's broad-based
weakness suggest the decline fm 1.6401 has possibly
made a temp. low, abv 1.6302/07 wud yield 1.6344.

Below said European low wud extend aforesaid
fall to 1.6210/13 later, stand aside for now.

Range Forecast
1.6255 / 1.6290

Resistance/Support

R: 1.6307/1.6376/1.6401
S: 1.6240/1.6213/1.6160