INTRA-DAY GBP/USD OUTLOOK

Present retreat after extending nr term rally fm
1.5554 (NY) to 1.5668 suggests rise fm last week's
1.5393 low is not ready to resume n further choppy
trading below y'day's high at 1.5677 is seen but
1.5625/30 wud hold n bring another bounce.

Buy dips for 1.5670 n only below 1.5595/00 wud
abort n risk 1.5577 whilst abv 1.5677, 1.5709/10.

Range Forecast
1.5635 / 1.5665

Resistance/Support
R: 1.5677/1.5709/1.5723
S: 1.5616/1.5596/1.5577

Last Update At
18 Jul 2012 02:12 GMT

Rate
1.5650

Strategy/Entry Level
Buy at 1.5635

Objective
1.5670

Stop-Loss
1.5615