INTRA-DAY GBP/USD: 1.5311

Last Update At 18 Mar 2010 02:48 GMT

Despite cable's retreat fm 1.5382 to 1.5276 (NY
low), subsequent brief rebound to 1.5369 suggests
choppy sideways trading wud continue in Asia n mild
upside bias remains for another bounce but only abv
said y'day's high wud extend recent gain to 1.5400.

Still favour buying on dips n only below 1.5260/
70 wud signal top has been formed, 1.5210/20 later.




Range Forecast
1.5290 / 1.5320


Resistance/Support

R: 1.5369/1.5382/1.5422
S: 1.5276/1.5227/1.5210