INTRA-DAY GBP/USD: 1.4902

Last Update At 10 Mar 2010 09:36 GMT

Despite cable's brief bounce to 1.4958/59, sub
sequent retreat after the release of weaker-than-
expected U.K. industrial n production data suggests
recovery fm 1.4885 is over n decline fm 1.5017 may
extend marginally to 1.4855/56 b4 rebound.

Wud be prudent to exit short n stand aside for
now. Abv 1.4958/59 wud bring gain to 1.4982/90...


Range Forecast
1.4885 / 1.4920


Resistance/Support

R: 1.4982/1.5017/1.5031
S: 1.4885/1.4855/1.4781