INTRA-DAY GBP/USD: 1.4997

Last Update At 09 Mar 2010 07:58 GMT

Present anticipated selloff to 1.4977 suggests
decline fm y'day's high of 1.5197 wud extend margi-
nal weakness below there, however, o/sold condition
shud limit downside to 1.4940 today n yield a much
needed strg rebound later.

Sell on recovery for fall to 1.4975 n if cable
drops to 1.4960, buy for a rebound to 1.5010.


Range Forecast
1.4965 / 1.5015


Resistance/Support

R: 1.5028/1.5045/1.5087
S: 1.4977/1.4940/1.4903