INTRA-DAY GBP/USD: 1.5363

Last Update At 07 Sep 2010 10:06 GMT

Despite cable's intra-day brief but strg rebound
fm 1.5353 to 1.5425 on cross-unwinding, subsequent
retreat suggests recovery fm y'day's low of 1.5345
has possibly ended n consolidation with downside
bias wud be seen for weakness twds 1.5345/53.

Sell on pullback with stop as indicated, break
wud risk stronger gain to 1.5460/70 b4 down.

Range Forecast
1.5353 / 1.5390

Resistance/Support

R: 1.5436/1.5492/1.5515
S: 1.5345/1.5327/1.5259