Update Time: 31 Jan 2011 06:17GMT
WEEKLY AUD/JPY CROSS OUTLOOK – +81.00+
A$’s breach of 81.60 to 81.52 signals the fall fm
83.69 top to retrace recent rise fm 71.97 has resum
ed n further weakness twd 80.95 is seen b4 rebound.
Trade fm short side with stop now as indicated,
break defers but 83.69 res shud continue to hold…
Rate: +81.00+
Strategy: +Target met+
Position: Short at 82.70
Objective: 81.00
Stop-Loss:
Resistance: 82.78/83.69/84.76
Support: 80.95/79.78/78.20
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Update Time: 28 Jan 2011 15:35GMT
DAILY GBP/JPY CROSS OUTLOOK – +130.30+
Stg’s present selloff fm 132.11 signals rise fm
125.53 has ended y’day at 132.68 n downside bias is
seen for weakness to 130.60 n then 130.15.
Trade fm short side with stop as indicated, abv
wud risk gain to 132.11 but said top shud hold.
Rate: +130.30+
Strategy: +Target met+
Position: Short at 131.30
Objective: 130.30
Stop-Loss:
Resistance: 132.11/132.68/133.05
Support: 130.60/130.15/129.53
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Update Time: 28 Jan 2011 15:24GMT
DAILY EUR/USD OUTLOOK – +1.3650+
Despite euro’s intra-day brief rebound fm 1.3678
to 1.3746/47, subsequent retreat after faltering
below y’day’s 2-month 1.3760 high suggests choppy
consolidation with downside bias wud be seen for
retrace. twds 1.3636 sup but 1.3573 wud hold.
Trade fm short side with stop as indicated, break
wud extend marginally twds 1.3786 b4 retreat…
Rate: +1.3650+
Strategy: +Target met+
Position: Short at 1.3740
Objective: +1.3650+
Stop-Loss:
Resistance: 1.3747/1.3760/1.3786
Support: 1.3636/1.3573/1.3540