INTRA-DAY GBP/USD: 1.5010

Last Update At 22 Mar 2010 02:47 GMT

Cable has stabilised after falling initially to
1.4975 in NZ/AUS following Friday's selloff to 1.49
89 in NY n consolidation is in store. As long as
said minor low holds, recovery to 1.5035/40 is
likely b4 prospect of another decline.

Sell sterling on further rise for 1.4985 n if
price drops to 1.4955 1st, buy for 1.5005.


Range Forecast
1.4995 / 1.5035


Resistance/Support

R: 1.5077/1.5128/1.5164
S: 1.4989/1.4977/1.4921