Update Time: 18 Feb 2010 23:51GMT
INTRA-DAY GBP/USD OUTLOOK – +1.5440+
Cable has tumbled in tandem with euro due to
dlr’s broad-based rally after Fed’s surprise 0.25%
discount rate hike n expect 1.5535 (prev. low) to
cap recovery, bring further weakness to 1.5465/75
but o/sold condition shud keep price abv 1.5410/20.
Sell on pullback for this move n only abv 1.5556
(European low) signals temp. low made, 1.5580/90.
Rate: +1.5440+
Strategy: +Target met+
Position: +Short at 1.5490+
Objective: +1.5440+
Stop-Loss:
Resistance: 1.5535/1.5604/1.5634
Support: 1.5445/1.5412/1.5357
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Update Time: 18 Feb 2010 22:36GMT
WEEKLY USD/JPY OUTLOOK – +92.00+
Y’day’s brief breach of 91.28 res confirms dlr’s
decline fm 2010 top at 93.78 has ended earlier at
88.55 n although nr term outlook remains supportive
for further headway to 92.43, a daily close abv
there needed to signal MT rise fm 84.82 (Nov 09′)
has resumed n yield re-test of 93.78 next month.
Turn long for 92.00 1st with stop as indicated n
only below 89.71 aborts current bullish scenario n
risks weakness twd pivotal sup at 89.25.
Rate: +92.00+
Strategy: +Target met+
Position: +Long at 90.75+
Objective: 92.00
Stop-Loss:
Resistance: 91.88 / 92.43 / 93.22
Support: 90.43 / 89.71 / 89.25
*******************************************
Update Time: 18 Feb 2010 21:35GMT
DAILY USD/JPY OUTLOOK – +91.65+
Y’day’s rally to 91.39 due to dlr’s broad-based
strength together with yen’s cross weakness signals
recent erratic rise fm 88.55 remains in progress n
as long as 90.43 (prev. res) holds, outlook is bull
ish for gain twd 91.88 res b4 prospect of retreat.
Hold long for this move n only below 90.03 con-
firms top is in place n risks retrace. twd 89.71.
Rate: +91.65+
Strategy: +Target met+
Position: Long at 90.85
Objective: 91.65
Stop-Loss:
Resistance: 91.39/91.88/92.43
Support: 90.43/90.03/89.71
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