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Update Time: 02 Feb 2010 08:11GMT
INTRA-DAY GBP/USD OUTLOOK – +1.5930+
Although cable has recovered after anticipated
retreat fm 1.5975 to 1.5920 n sideways trading wud
be seen, as long as said res holds, consolidation
with downside bias remains, however, breach of 1.58
93 needed to confirm recovery fm 1.5850 is over.
Sell on pullback with stop as indicated, break
risks stronger retrace. of recent fall to 1.6018…
Rate: +1.5930+
Strategy: +Target met+
Position: +Short at 1.5965+
Objective: +1.5930+
Stop-Loss:
Resistance: 1.5980/1.6018/1.6068
Support: 1.5910/1.5893/1.5850
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Update Time: 02 Feb 2010 05:02GMT
INTRA-DAY EUR/GBP OUTLOOK – +0.8740+
Despite euro’s retreat after y’day’s rally to
0.8769, present rebound fm 0.8710 suggests pullback
has possibly ended there n consolidation with up-
side bias remains for gain to 0.8740, abv wud bring
re-test of said res later today.
Trade fm long side with stop now as indicated n
only below 0.8700 wud risk weakness to 0.8680/84.
Rate: +0.8740+
Strategy: +Target met+
Position: Long at 0.8710
Objective: 0.8740
Stop-Loss:
Resistance: 0.8769/0.8796/0.8811
Support: 0.8710/0.8692/0.8672
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Update Time: 02 Feb 2010 03:44GMT
INTRA-DAY AUD/USD OUTLOOK – +0.8805+
As RBA’s decision to keep rates unchanged has
pushed aussie sharply lower fm intra-day high of
0.8928, suggesting y’day’s correction fm 0.8775 has
ended, however, only below said y’day’s low wud con
firm recent decline has resumed, 0.8735 ‘later’.
Venture selling at mkt for this move n only abv
0.8900 aborts bearishness, risks re-test of 0.8928.
Rate: +0.8805+
Strategy: +Target met+
Position: +Short at 0.8850+
Objective: +0.8805+
Stop-Loss:
Resistance: 0.8900/0.8928/0.8964
Support: 0.8800/0.8775/0.8735
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