INTRA-DAY GBP/USD: 1.5480

Last Update At 08 Sep 2010 07:21 GMT

Cable's intra-day strg rebound in part due to the
release of much stronger-than-expected U.K. housing
data suggests upmove fm y'day's low of 1.5296 to
retrace recent fall remains in force n further gain
to 1.5450 is seen but 1.5490/92 res wud cap upside.

Buy on dips with stop as indicated, break risks
stronger pullback to 1.5344.

Range Forecast
1.5430 / 1.5470

Resistance/Support

R: 1.5468/1.5490/1.5520
S: 1.5376/1.5344/1.5327