INTRA-DAY GBP/USD: 1.5056

Last Update At 16 Mar 2010 04:40 GMT



Although cable has edged higher in tandem with
euro in Asian morning trading, as 1.5073 has capped
recovery, consolidation with downside bias remains
for re-test of y'day's 1.5019 low but below needed
to extend weakness to 1.4980 later today.


Hold short n only abv 1.5087 wud risk stronger
retrace. of y'day's fall fm 1.5218 twd 1.5118/23.


Range Forecast
1.5040 / 1.5070


Resistance/Support
R: 1.5089/1.5123/1.5173
S: 1.5019/1.4993/1.4947

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