Update Time: 28 Jan 2010 00:55GMT
DAILY USD/JPY OUTLOOK – +90.20+
Y’day’s anticipated rebound fm 89.14 strongly
suggests dlr’s recent decline fm 93.78 has made a
temporary low n abv 90.09 wud confirm this nr term
bullish view, yield gain to 90.20/25 but reckon
res at 90.56/57 wud cap intra-day upmove.
Hold long for this move n only below 89.35/40
wud risk re-test of 89.14, then 88.83 b4 recovery.
Rate: +90.20+
Strategy: +Target met+
Position: Long at 89.20
Objective: 90.20
Stop-Loss:
Resistance: 90.57/90.91/91.46
Support: 89.73/89.14/88.83
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Update Time: 27 Jan 2010 19:42GMT
INTRA-DAY EUR/JPY OUTLOOK – +126.30+
Euro’s rally fm 125.44 to 126.33 after FOMC’s
announcement to keep rates unchanged suggests re-
cent decline has possibly formed a temp. low at 125
.23 earlier n further retracement to 126.30/40 is
seen, however, reckon 126.70/80 wud hold in NY.
Buy at market for the move n only below said sup
wud abort n risk fall to 125.00.
Rate: +126.30+
Strategy: +Target met+
Position: +Long at 125.90+
Objective: 126.30
Stop-Loss:
Resistance: 126.44/126.95/127.43
Support: 125.23/125.00/124.38
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Update Time: 27 Jan 2010 19:23GMT
INTRA-DAY USD/JPY OUTLOOK – +89.90+
Dlr’s rise fm 89.39 after FOMC’s announcement
to keep rates unchanged suggests recent decline fm
93.78 has possibly formed a temp. low at 89.14 n
further gain to 89.90/00 is seen but anticipated o/
bot condition shud keep price well below 90.56.
Buy at market with stop as indicated, below wud
prolong choppy trading n risk 89.14.
Rate: +89.90+
Strategy: +Target met+
Position: +Long at 89.60+
Objective: 89.90
Stop-Loss:
Resistance: 89.73/90.15/90.57
Support: 89.14/89.00/88.83
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