INTRA-DAY GBP/USD OUTLOOK: 1.4913

Updating time : 22 Dec 2008 04:34 GMT
Cable's retreat after meeting selling interest
at 1.4990 suggests consolidation with mild downside
bias wud be seen n weakness to 1.4880/90 cannot be
ruled out but a firm break there needed to signal
recovery fm Friday's low at 1.4810 has ended.

Stand aside n look to sell on pullback as only
abv 1.4990 risks stronger correction to 1.5030/40..

Range Forecast
+1.4920 / 1.4960+

Resistance/Support
R: 1.4990/1.5039/1.5060
S: 1.4882/1.4810/1.4750

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