INTRA-DAY GBP/USD: 1.4960

Last Update At 11 Mar 2010 02:08 GMT

Despite early retreat fm 1.4993 to 1.4928 in NY
session, subsequent rebound suggests cable's cor-
rective rise fm y'day's 1.4873 low wud resume after
initial consolidation in Asia n yield further head-
way to 1.5000 but reckon 1.5017 wud cap upside.

For st trade, buy cable again on dips for this
move n only below 1.4928 may risk re-test of 1.4873


Range Forecast
1.4950 / 1.4985


Resistance/Support

R: 1.4993/1.5017/1.5031
S: 1.4928/1.4900/1.4873