Forex Market Outlook on Majors

INTRA-DAY GBP/USD OUTLOOK: 1.9887

Updating time :27 Dec 2007 05:56 GMT

As cable has risen after finding renewed buying
abv 1.9850 (now sup), suggesting the rise fm this
week's low at 1.9753 to retrace recent decline wud
extend to 1.9905/10 n possibly twds 1.9928 but over
bought condition shud cap upside below 1.9950.

Buy on dips with stop as indicated n only below
1.9828 wud abort intra-day bullishness...

Range Forecast
1.9870 / 1.9895

Resistance/Support
R: 1.9895/1.9928/1.9985
S: 1.9850/1.9828/1.9805