Update Time: 06 Jan 2011 20:59GMT
INTRA-DAY USD/JPY OUTLOOK – +83.35+
As dlr has rebounded after finding renewed buy-
ing abv European low of 82.88, consolidation with
upside bias is retained, abv intra-day 83.40 high
needed to extend this week’s rise fm 80.93 (Mon) to
83.60/70 later but reckon 83.91 wud remain intact.
Trade fm long side n only below 82.55 (previous
res) aborts bullishness, risks 82.15/20.
Rate: +83.35+
Strategy: +Target met+
Position: Long at 83.05
Objective: 83.35
Stop-Loss:
Resistance: 83.23 / 83.40 / 83.71
Support: 82.88 / 82.55 / 82.28
*********
Update Time: 06 Jan 2011 18:24GMT
INTRA-DAY GBP/USD OUTLOOK – +1.5460+
Cable’s rebound after early ‘euro-led’ weakness
to 1.5465 suggests choppy sideways trading wud be
seen b4 recent erratic fall to pressure price twd
1.5451 but below there needed to retain bearishness
for further fall to 1.5434 n then 1.5400/10.
Remain as cautious seller n only abv 1.5520/30
wud risk another bounce to 1.5550/53…
Rate: +1.5460+
Strategy: +Target met+
Position: Short at 1.5500
Objective: 1.5460
Stop-Loss:
Resistance: 1.5507/1.5564/1.5628
Support: 1.5451/1.5434/1.5406
*********
Update Time: 06 Jan 2011 08:35GMT
INTRA-DAY GBP/USD OUTLOOK – +1.5550+
Despite cable’s brief drop to 1.5491, subsequent
rebound n current breach of 1.5530/37 suggest erra-
tic rise fm y’day’s low of 1.5451 to retrace fall
fm 1.5646 remains in force n further gain to 1.5555
/60 wud be seen but reckon 1.5579 wud cap upside.
Buy on dips with stop as indicated, break wud
signal recovery is over instead, 1.5474 n 1.5451.
Rate: +1.5550+
Strategy: +Target met+
Position: +Long at 1.5515+
Objective: +1.5550+
Stop-Loss:
Resistance: 1.5555/1.5579/1.5628
Support: 1.5474/1.5451/1.5434