INTRA-DAY GBP/USD:1.6500

Last Update At 07 Dec 2009 00:45 GMT

As cable has rebounded in tandem with euro in
Asia after Friday's sharp selloff to 1.6422, sug-
gesting recent decline has made a temp. low there n
choppy consolidation is envisaged with mild upside
bias but abv 1.6520 is needed to extend twd 1.6550.

Stand aside for now n sell on further rise for
day trade. Below 1.6455 signals top made, 1.6422.

Range Forecast
1.6480 / 1.6520

Resistance/Support

R: 1.6520/1.6550/1.6618
S: 1.6455/1.6422/1.6381