Updating time : 03 Jun 2008 23:36 GMT

Although cable's selloff fm y'day's high at 1.97
43 confirms correction fm prev. low at 1.9597 has
ended there, subsequent rebound fm 1.9605 suggests
initial choppy trading is in store but reckon 1.96
65/70 wud cap recovery n yield retreat.

Sell on further pullback fm here n only abv 1.97
08 wud abort intra-day bearishness on sterling...

Range Forecast
1.9615 / 1.9650

Resistance/Support
R: 1.9665/1.9708/1.9743
S: 1.9605/1.9597/1.9566

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