INTRA-DAY GBP/USD: 1.5382

Last Update At 09 Sep 2010 08:46 GMT

Cable's weakness after the release of weaker-
than-expected U.K. trade data suggests erratic fall
fm y'day's high of 1.5534 to retrace rise fm 1.5296
has resumed n further weakness to 1.5370 n then twd
1.5344 wud be seen b4 rebound due to o/s condition.

As 1.5376 has contained downside, wud be pru-
dent to exit short n look to sell again on recovery

Range Forecast
1.5376 / 1.5410

Resistance/Support

R: 1.5442/1.5479/1.5495
S: 1.5376/1.5344/1.5327