Update Time: 25 May 2010 01:01GMT
INTRA-DAY EUR/JPY OUTLOOK – +110.65+ As euro has breached sup at 111.25, suggesting
the corrective rise fm 109.47 has ended at 114.40
last week n downside bias is seen for weakness to
111.10 n then 110.40/50 b4 prospect of a rebound
due to anticipated nr term o/sold condition.Sell on further gain with stop as indicated, abv
prolongs choppy trading n risks gain to 112.38. Rate: +110.65+
Strategy: +Target met+
Position: +Short at 111.04+
Objective: +110.65+
Stop-Loss:
Resistance: 112.38/112.71/113.27
Support: 111.10/110.41/109.47
************
Update Time: 25 May 2010 00:48GMT
DAILY GBP/USD OUTLOOK – +1.4360+ Y’day’s selloff fm 1.4529 to 1.4352 confirms the
correction fm last week’s 2010 low at 1.4228 has
made a top there n as price has fallen after a strg
bounce to 1.4462, downside bias remains, below 1.43
52 wud extend to 1.4317 but 1.4270/80 shud hold.Trade fm short side n only abv 1.4464 wud risk
stronger gain to 1.4490/00 n possibly 1.4529. Rate: +1.4360+
Strategy: +Target met+
Position: Short at 1.4460
Objective: 1.4360
Stop-Loss:
Resistance: 1.4464/1.4529/1.4572
Support: 1.4352/1.4317/1.4228
************
Update Time: 25 May 2010 00:25GMT
DAILY USD/CAD OUTLOOK – +1.0650+ As usd has rebounded after holding abv 1.0535,
suggesting upside bias remains for gain to 1.0660
but 1.0710/20 shud cap rise n yield pullback.Hold long with stop as indicated, below wud
risk stronger retrace. to 1.0500/05. Rate: +1.0650+
Strategy: +Target met+
Position: Long at 1.0560
Objective: 1.0650
Stop-Loss:
Resistance: 1.0660/1.0753/1.0781
Support: 1.0535/1.0500/1.0440
***********
http://www.acetraderfx.com
