INTRA-DAY GBP/USD: 1.4958

Last Update At 22 Mar 2010 04:39 GMT

Although cable has edged higher after intra-day
resumption of recent fall to 1.4940, a rise back
abv Friday's NY 1.4989 low needed to signal a minor
low is made n bring retracement to 1.5005/10 but
reckon res at 1.5035 (AUS) wud cap upside.

For st trade, still favour buying sterling on
next decline n sell on upmove for day trade.


Range Forecast
1.4940 / 1.4980


Resistance/Support

R: 1.5017/1.5035/1.5073
S: 1.4940/1.4921/1.4873