Forex Market Outlook on Majors

INTRA-DAY GBP/USD: Last Update At 04 Sep 2009 07:54 GMT Rate : 1.6358 Although cable's breach of 1.6354 suggests the retreat fm y'day's 1.6415 high has possibly ended earlier at 1.6304 n further gain to 1.6380/85 can't be ruled out, only abv said res wud confirm upmove fm 1.6113 (this week's low) has resumed, 1.6445/50. Below 1.6320/25 wud prolong consolidation n bring another fall to 1.6304. Stand aside for now. Range Forecast 1.6340 / 1.6375 Resistance/Support R: 1.6376/1.6415/1.6446