INTRA-DAY GBP/USD: 1.5611

Last Update At 28 Jul 2010 05:35 GMT

Cable's resumption of recent upmove after break-
ing y'day's 1.5600 high suggests further gain twd
1.5635/45 is seen but nr term loss of momentum shud
prevent a sharp move beyond there ahead of European
opening n bring retreat later.

Buy on dips with stop as indicated n only below
1.5663 (NY) signals temp. top is made, 1.5541...

Range Forecast
1.5595 / 1.5530


Resistance/Support
R: 1.5636/1.5688/1.5704
S: 1.5541/1.5508/1.5441