INTRA-DAY GBP/USD: 1.5603

Last Update At 08 Feb 2010 02:24 GMT


Although intra-day weakness in euro has dragged
cable lower after initial brief bounce to 1.5672 in
NZ/AUS, as Friday's rebound fm 1.5559 (NY) signals
recent downtrend has made a minor low, choppy side-
ways consolidation is envisaged in Asia.

For st trade, hold long for 1.5665 n sell on fur
ther rise for day trade. Below 1.5585 risks 1.5559.

Range Forecast
1.5595 / 1.5630


Resistance/Support
R: 1.5672/1.5705/1.5739
S: 1.5580/1.5559/1.5513