Update Time: 29 Aug 2011 17:20GMT
DAILY EUR/JPY CROSS OUTLOOK – +111.55+
Euro’s intra-day breach of last wk’s 111.64 top
signals the rise fm this month’s low at 108.01 to
retrace MT decline has resumed n further gain to
112.00/10 is envisaged, however, reckon chart res
at 112.50 wud hold initially n yield retreat later.
Trade fm long side, stop now as indicated n only
below 111.03 suggests top possibly made, 110.40/50.
Rate: +111.55+
Strategy: +Stop profit+
Position: Long at 111.05
Objective:
Stop-Loss: +111.55+
Resistance: 111.92/112.07/112.50
Support: 111.03/110.47/110.11
**********
Update Time: 29 Aug 2011 13:42GMT
INTRA-DAY USD/JPY OUTLOOK – +76.90+
As dlr has rebounded after intra-day brief
retreat fm 76.90 to 76.58, suggesting choppy conso-
lidation with upside bias remains n another rebound
to 76.90 is likely, abv wud encourage for further
gain to last Friday’s NY rise at 77.07 later.
Hold long for 76.90 with stop as indicated. Below
76.47 aborts daily bullishness, risks 76.25.
Rate: +76.90+
Strategy: +Target met+
Position: Long at 76.60
Objective: 76.90
Stop-Loss:
Resistance: 77.07 / 77.27 / 77.47
Support: 76.47 / 76.25 / 75.95
**********
Update Time: 29 Aug 2011 13:16GMT
INTRA-DAY EUR/JPY OUTLOOK – +111.55+
Euro’s rebound fm 111.03 (also today’s Asian low)
suggests pullback fm 111.54/59 (Europe) has ended
there n upside bias is seen for marginal gain abv
said lvls, however, breach of last wk’s 111.64 top
needed to extend recent upmove twd 112.05/15.
Trade fm long side with stop now as indicated,
break wud risk stronger retrace. twd 110.65/70…
Rate: +111.55+
Strategy: +Target met+
Position: Long at 111.15
Objective: 111.55
Stop-Loss:
Resistance: 111.64/112.07/112.50
Support: 111.03/110.65/110.31