INTRA-DAY GBP/USD: 1.5470


Last Update At 22 Feb 2010 07:23 GMT

As cable has remained under pressure ahead ofEuropean opening after extending Friday's correct-ive rise fm 1.5345 to 1.5497 (Asia), a breach ofinitial sup at 1.5430 wud signal intra-day top isin place n yield weakness to 1.5405/10 later.

Sell on recovery for this move with stop as indicated, abv may marginal gain but 1.5535 shud hold.



Range Forecast
1.5435 / 1.5470

Resistance/Support
R: 1.5497/1.5510/1.5535
S: 1.5430/1.5409/1.5382