INTRA-DAY GBP/USD: 1.4955

Last Update At 11 Mar 2010 06:52 GMT


Despite intra-day rebound fm 1.4949 to 1.4988 in
Asian trading, failure to re-test y'day's 1.4993
high (NY) suggests further sideways move wud conti-
nue but as long as 1.4928 (reaction low) holds, cor
rective rise fm 1.4873 wud head twd 1.5017 later.

For st trade, buy cable on dips with stop below
said sup, break may risk weakness to 1.4900/05.

Range Forecast
1.4955 / 1.4985


Resistance/Support
R: 1.4993/1.5017/1.5031
S: 1.4928/1.4900/1.4873

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