Update Time: 20 Jun 2011 05:34GMT
WEEKLY GBP/JPY CROSS OUTLOOK – +129.30+
Stg’s breach of 130.30 signals fall fm 140.02 top
to retrace corrective upmove fm 122.34 low has re-
sumed n downside bias is seen for fall twd 129.11.
Sell on recovery with stop as indicated, break
wud signal aforesaid decline has made a temp. low.
Rate: +129.30+
Strategy: +Target met+
Position: +Short at 131.30+
Objective: 129.30
Stop-Loss:
Resistance: 130.50/131.96/132.85
Support: 128.39/127.52/125.99
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Update Time: 17 Jun 2011 14:01GMT
INTRA-DAY GBP/USD OUTLOOK – +1.6190+
Although cable’s retreat fm 1.6189 signals a
minor top has been made n sideways trading is now
envisaged, as long as 1.6127 holds, y’day’s rise fm
1.6078 to retrace recent decline wud head to 1.6190
/00, however, reckon 1.6225 wud cap upside.
Trade fm long side n only firm breach of said
sup confirms intra-day top is made, 1.6095/00.
Rate: +1.6190+
Strategy: +Target met+
Position: Long at 1.6155
Objective: 1.6190
Stop-Loss:
Resistance: 1.6190/1.6225/1.6264
Support: 1.6127/1.6094/1.6078
**********************
Update Time: 17 Jun 2011 13:55GMT
DAILY USD/JPY OUTLOOK – +80.10+
Y’day’s intra-day choppy sideways moves suggest
further consolidation below Wed’s high at 81.08 wud
continue n as long as 80.94 (NY) holds, stronger
retrace. of last wk’s rise fm 79.70 to 80.09/11 is
seen, below is needed to yield weakness twd 79.70.
Hold short n only abv 81.08 signals decline fm
fm 82.23 has ended at 79.70 n risks 81.33, 81.77.
Rate: +80.10+
Strategy: +Target met+
Position: Short at 80.75
Objective: 80.10
Stop-Loss:
Resistance: 80.67 /81.08 / 81.33
Support: 80.09 / 79.70 / 79.57