Update Time: 26 Jan 2011 07:31GMT
INTRA-DAY GBP/USD OUTLOOK – +1.5780+
Despite cable’s brief bounce to 1.5838, current
retreat after faltering below 1.5839 (prev. sup,
now res) suggests recovery fm y’day’s low of 1.5750
has possibly ended there n consolidation with down-
side wud be seen for weakness twds 1.5776 sup 1st.
Trade fm short side with stop as indicated, break
wud prolong choppy trading n risk 1.5839 again.
Rate: +1.5780+
Strategy: +Target met+
Position: Short at 1.5820
Objective: 1.5780
Stop-Loss:
Resistance: 1.5839/1.5867/1.5884
Support: 1.5776/1.5750/1.5719
*********
Update Time: 25 Jan 2011 09:41GMT
INTRA-DAY GBP/USD OUTLOOK – +1.5810+
Current selloff after the release of much weaker
-than-expected U.K. GDP (-0.5% q/q) confirms recent
decline fm 1.6060 to retrace entire rise fm 1.5345
has once again resumed n further weakness to 1.5800
wud be seen but reckon 1.5780 wud contain downside.
Sell at market with stop as indicated, break wud
risk stronger gain to 1.5910/20.
Rate: +1.5810+
Strategy: +Target met+
Position: +Short at 1.5850+
Objective: 1.5810
Stop-Loss:
Resistance: 1.5922/1.5968/1.6018
Support: 1.5800/1.5780/1.5710
*********
Update Time: 25 Jan 2011 09:42GMT
DAILY EUR/CHF OUTLOOK – +1.2900+
Although euro’s rebound after y’day’s selloff fm
1.3068 to 1.2930 suggests consolidation is seen, as
this fall signals recent upmove fm lifetime 1.2398
low has formed a temp. top there, reckon 1.3013 res
shud remain intact n yield another fall to 1.2900.
Trade fm short side with stop as indicated, abv
wud sugggest aforesaid pullback is over instead.
Rate: +1.2900+
Strategy: +Target met+
Position: Short at 1.2975
Objective: 1.2900
Stop-Loss:
Resistance: 1.3012/1.3068/1.3123
Support: 1.2930/1.2885/1.2815