INTRA-DAY GBP/USD:

Last Update At 28 Oct 2009 08:03 GMT

Rate : 1.6355

Despite cable's brief bounce to 1.6386, present
retreat suggests choppy trading inside near term
established 1.6338-1.6406 range is seen with down-
side bias but breach of 1.6311 needed to confirm
recent fall has resumed for re-test of 1.6251 low

Sell on marginal rise, stop abv 1.6406 n only
abv said res wud abort daily bearishness on cable.

Range Forecast
1.6345 / 1.6380

Resistance/Support

R: 1.6406/1.6440/1.6487
S: 1.6311/1.6286/1.6251