INTRA-DAY GBP/USD: 1.5612

Last Update At 30 Jul 2010 03:14 GMT

Although cable's narrow sideways trading in Asia
so far suggests further sideways move is seen after
y'day's resumption of upmove to a 5-month high at
1.5663, reckon 1.5635/40 wud cap rebound n bring
another retreat but 1.5545 (Tue's low) shud hold.

For st trade, sell on further recovery for 1.56
90 or buy if cable drops to 1.5585 1st for 1.5625.

Range Forecast
1.5600 / 1.5630


Resistance/Support
R: 1.5638/1.5663/1.5688
S: 1.5580/1.5545/1.5508