************************************************* Update Time: 02 Jul 2009 23:49GMT DAILY GBP/USD OUTLOOK - 1.6340 Although cable resumed this week's major fall fm 09' top at 1.6745 to 1.6330 in Europe, the marginal weakness to 1.6323 in NY n subsequent recovery sug- gest 'choppy' trading is likely b4 decline resumes to 1.6290/00 but reckon 1.6231 wud hold today. Exit previous short n sell again on recovery as only abv 1.6465 signals temp. low made, 1.6541/46.
