Update Time: 13 Jul 2011 15:21GMT
INTRA-DAY USD/CHF OUTLOOK – +0.8200+
Dlr’s breach of June’s low of 0.8276 after meet
ing renewed selling below 0.8331 res earlier sig-
nals LT downtrend has finally resumed n downside
bias remains for further fall to 0.8200 but loss of
momentum shud prevent steep decline below 0.8187.
Sell at market, stop as indicated n only abv 0.82
76 (prev. sup) wud signal an intra-day low made.
Rate: +0.8200+
Strategy: +Target met+
Position: +Short at 0.8240+
Objective: 0.8200
Stop-Loss:
Resistance: 0.8245/0.8276/0.8331
Support: 0.8187/0.8160/0.8126
***********
Update Time: 13 Jul 2011 14:56GMT
INTRA-DAY GBP/USD OUTLOOK – +1.6085+
Cable’s rally abv 1.5990 confirms upmove fm
y’day’s 6-month low of 1.5781 to retrace recent
decline has once again resumed n further gain to
1.6078 n then twds 1.6100 wud be seen, however,
o/bot condition shud cap price at 1.6140.
Buy at market with stop as indicated, break wud
risk stronger pullback to 1.5990 n then 1.5958.
Rate: +1.6085+
Strategy: +Target met+
Position: Long at 1.6046
Objective: +1.6085+
Stop-Loss:
Resistance: 1.6100/1.6140/1.6167
Support: 1.5990/1.5933/1.5906
**********
Update Time: 13 Jul 2011 08:30GMT
INTRA-DAY GBP/USD OUTLOOK – +1.5915+
Cable’s retreat after brief breach of Asian 1.59
58 res to 1.5990 in European morning suggests conso
lidation with downside bias wud be seen n breach of
1.5937/40 wud confirm the rise fm 1.5781 has made
a top n yield fall to 1.5906/11.
Sell on recovery with stop as indicated, break
wud risk stronger gain to 1.6007/10.
Rate: +1.5915+
Strategy: +Target met+
Position: +Short at 1.5950+
Objective: +1.5915+
Stop-Loss:
Resistance: 1.5990/1.6007/1.6042
Support: 1.5906/1.5882/1.5863