INTRA-DAY GBP/USD: 1.5880
Last Update At 04 Feb 2010 06:58 GMT
Cable has remained under pressure after meeting
renewed selling at 1.5919, suggesting caution on
our intra-day long n price must hold well abv sup
at 1.5850 for prospect of a minor correction of
y’day’s selloff fm 1.6070 to 1.5930/37.
For st trade, hold long with stop as indicated,
break wud bring re-test of key daily sup at 1.5832.
Range Forecast
1.5875 / 1.5910
Resistance/Support
R: 1.5937/1.5966/1.6009
S: 1.5875/1.5850/1.5832
