INTRA-DAY GBP/USD: 1.5626

Last Update At 30 Jul 2010 08:12 GMT

Despite cable's choppy sideways trading in Euro
pean morning, intra-day decline in euro suggests
further consolidation below y'day's 5-month high of
1.5663 wud continue n below 1.5697/00 wud risk weak
ness to 1.5580 (NY), break, 1.5555/60 later.

Exit previous long as only abv 1.5663 wud bring
marginal gain twd 1.5688 b4 correction occurs.

Range Forecast
1.5605 / 1.5640


Resistance/Support
R: 1.5663/1.5688/1.5704
S: 1.5580/1.5545/1.5508