INTRA-DAY GBP/USD:1.6542

Last Update At 23 Nov 2009 06:03 GMT


Although cable's anticipated breach of 1.6534/37
suggests the rise fm last week's low at 1.6460 may
extend to 1.6560/65, this move is viewed as a minor
correction n mild downside bias is seen for retreat
to 1.6515/20 n then 1.6499.

Turn short at 1.6560 with stop as indicated n
only below 1.6499 wud bring re-test of 1.6460 sup.

Range Forecast
1.6530 / 1.6560

Resistance/Support

R: 1.6568/1.6606/1.6676
S: 1.6499/1.6460/1.6402