INTRA-DAY GBP/USD: 1.5627

Last Update At 29 Jul 2010 05:00 GMT

Cable has continued to edge higher partly on UK
Chancellor's comments (read mkt mov. news) after
y'day's retreat fm a 5-mth high of 1.5638 to 1.5572
in NY, abv 1.5638 wud extend recent erratic rise to
1.5670/80 b4 prospect of a correction later today.

Exit short n stand aside as below 1.5595/00 need
ed to prolong consolidation n yield 1.5572/75.

Range Forecast
1.5605 / 1.5635


Resistance/Support
R: 1.5638/1.5688/1.5704
S: 1.5572/1.5545/1.5521