INTRA-DAY GBP/USD: 1.5235

Last Update At 17 Mar 2010 00:03 GMT

Cable has finally retreated after o/n rally to
1.5260 following FOMC meeting n expect initial con-
solidation to take place in Asia, reckon 1.5195/00
wud contain weakness n bring rebound, abv said res
wud extend recent upmove to daily obj. at 1.5285.

Buy on further decline fm here with stop as indi
cated n only below 1.5173 wud dampen bullishness.


Range Forecast
1.5215 / 1.5250


Resistance/Support

R: 1.5260/1.5299/1.5322
S: 1.5218/1.5173/1.5149