INTRA-DAY GBP/USD: 1.4876

Last Update At 12 May 2010 04:43 GMT

Although sterling has fallen nicely after meet-
ing renewed selling earlier at 1.4917 n y'day's dec
line fm 1.5005 to retrace nr term rally fm 1.4720
may extend weakness below 1.4861, near term loss of
momentum wud keep price abv 1.4820/30.


Stand aside n buy cable on further fall for day
trade. Abv 1.4917 signals low is made, 1.4955/65.


Range Forecast
1.4850 / 1.4890

Resistance/Support
R: 1.4917/1.4965/1.5005
S: 1.4829/1.4789/1.4775

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