INTRA-DAY GBP/USD: 1.5055

Last Update At 16 Mar 2010 00:42 GMT

Although cable has traded sideways in NY session
after intra-day selloff fm 1.5218 (NZ) to 1.5019 in
Europe, as 1.5087 has capped subsequent rebound,
bearishness remains for said decline to resume to
1.5000, then later 1.4975/80.

Sell on recovery for this move n only abv 1.5123
(prev. sup) aborts bearish scenario on sterling.


Range Forecast
1.5035 / 1.5070


Resistance/Support

R: 1.5089/1.5123/1.5173
S: 1.5019/1.4993/1.4947