http://www.fxstreet.com/technical/analysis-reports/daily-outlook/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-30.htmlThe chart shows the movement after today’s high 1.5835. The subsequent fall looks impulsive as is shown on the chart. This was the reason to enter short two times today. My idea suggests that we should see at least one more low below 1.5738 later today or tomorrow. The big question here is if the movement started from 1.5835 to 1.5738 is wave 1 or wave A. The former scenario suggests sell-off in wave 3 with minimum requirement 161.8 % of the length of wave 1 while the latter scenario requiresMon, 30 Jun 2008 15:37:35 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-20.htmlThe chart shows the movement after the 108.56 high. In my opinion this fall is corrective in nature so I expect one more high. With an eye on this idea I continue to be long but I have to admit that the stop loss at 107.20 could be taken. However I don’t want to move the stop loss lower because my risk tolerance does not allow me such an action. A key resistance at the moment is 108.06. Only a rise above it will signal that the expected move for a new high is already under way. TradingFri, 20 Jun 2008 15:40:09 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-16.v02.htmlThe chart shows the movement stared from Friday’s low 1.5302. It is spectacular but I think that we deal with a corrective movement, not with an impulse. If this suggestion proves to be correct, a complex corrective combination is currently under way. When it finishes, one should expect a retreat of at least 61.8 % retracement (the corresponding level is 1.5385 if the movement is over at 1.5518). With an eye on this idea I entered short position which target will be determined later. A keyMon, 16 Jun 2008 14:33:56 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-16.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-13.htmlThe chart shows this weeks movement. I see at it as a potential terminal impulse and a fall below 107.62 (the end of the potential wave 4 of it) will be a first signal for the validity of this count. A further fall below 106.54 will be a confirmation and in such a case one should expect a sharp sell-off below 104.38 in 2-3 days time. With an eye on this possibility I gave a strategy to enter short on break of 107.62. However I do not dare to enter short before the 107.62 low is taken becauseFri, 13 Jun 2008 15:27:31 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-13.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-06.htmlThe chart shows the movement started from 106.42. Nevertheless of the current sell-off of the dollar across the board, this movement looks like a flat correction which means that one move high above 106.42 is likely. However I do not want to enter long position at the moment because the movement started from 106.42 could turn out to be a complex corrective combination. With an eye on this I prefer to be neutral at the moment. Trading strategy: 09:53 EST; 14:53 GMT Stand aside Trading strategy:Fri, 06 Jun 2008 15:18:59 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-02.htmlI count the rise started from 1.5460 as a flat correction. In such a case we could be in the beginning of wave C of it so I entered long today. The minimum requirement for this pattern is a new high above 1.5568 but I think that the most logical targets are 1.5590 and 1.5680 which are the targets of the long positions. A key support is 1.5460 Trading strategy: 10:50 EST; 15:50 GMT Long position from 1.5525, stop loss - 1.5455, target - open Addition to the long position from 1.5518, stop lossMon, 02 Jun 2008 15:36:21 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-06-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-30.htmlI think that the last week’s movement was a bullish triangle in the position of wave B and the current rise is wave C. The reached high 105.86 already fulfilled the minimum requirement for the length of wave C but I am still not sure that there will be no more highs because of the corrective retreat from 105.86. A possible resistance level is 107.00 while the support level is 104.10. I prefer to be currently neutral but I will look for an entry level for a short position next week. TradingFri, 30 May 2008 14:53:16 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-26.htmlI think that the fall started from 1.5813 (22 May) is developing as a flat correction. In such a case a low below 1.5690 should be expected in wave C. With an eye on this idea I entered short position on Friday. It is clear from the chart that I count wave B of the suggested flat as a complex corrective combination which ends with a triangle. This idea suggests that the euro will stay below 1.5770 so I move the stop loss of the short position to this level. On the other side a rise aboveMon, 26 May 2008 14:31:36 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-26.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-23.htmlI think that the rise started from 102.71 (21 May) is corrective in nature – double corrective combination which ends with a triangle. I suggest that it could be wave E of abearish triangle and I favor a sell-off from current levels. A fall below 102.71 will be a confirmation for my idea. From a short term point of view, I see 104.14 as a key resistance. As long as the dollar is below it, I would expect an acceleration of the fall. However in a case of a rise above it, this will be a bullishFri, 23 May 2008 13:36:29 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-21.htmlThe chart shows my working count fro cable. I think that the whole movement started from 2.0396 (14 March) has probably ended 1.9452 (19 May) with a triangle. I think that this fall is wave B and in such a case I would expect a rise above 2.0396 in wave C. That’s why I think that the long positions from here could have a very good upside potential. A key support is 1.9540 which is a little below 61.8 % retracement of the rise started from 1.9452. A resistance level is the high 1.9717 and aWed, 21 May 2008 15:26:42 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-21.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-19.htmlThe chart shows the movement started from 1.5447 (Friday’s low). I think that the whole fall started from 1.6018 (22 April high) developed as a double corrective combination which ends with a triangle and finished there. If I am correct, one should expect at least deep retracement of the said fall (minimum 61.8 % retracement). With an eye on this idea I will try to enter long. An important support is 1.5500. In case of a fall below it one should expect a re-test of 1.5447 low but only below itMon, 19 May 2008 08:16:53 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-14.htmlThe chart shows the last two weeks movement. I count it as wave C and when it is over, one should expect a reversal for a move back above 2.04. So the upside potential is very huge. The only problem is when wave C will be completed. I think that it could be already over and this was the reason for today’s long position. However I will lower the stop loss to 1.9330 because this is the important support, not today’s low. Looking to the upside only above 1.9632 will be a confirmation that theWed, 14 May 2008 15:03:38 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-12.htmlThe chart shows my working count for the rise started from 1.5282. I think that the movement to 1.5488 is corrective in nature. If this is the case, we should see initial fall minimum to 1.5360 prior to new powerful up-move. Earlier today there was a fall but only to 1.5364 followed by a rise above 1.5488. However I still think that we should see a move down at least to 1.5360 i.e. I don’t think that the up-move has resumed. However I will be neutral at the moment because my today’s shortMon, 12 May 2008 15:39:09 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-09.htmlThe chart shows my working count for the movement started from 105.56. The fall is spectacular but I do not think that it is impulsive in nature. I labeled this movement as a corrective combination and if it is already over, one should expect at least 61.8 % retracement. With an eye on this idea I enter long. On the other side below today’s low will be a signal that the corrective combination will turn out to be triple corrective combination and further fall to 102.00 should be expected inFri, 09 May 2008 15:33:21 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-05-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-16.v02.htmlMy working count suggests that the fall started from 2.0049 (4 April) is a terminal impulse (ending diagonal). If this idea is correct, we should see one more fall below 1.9598 in wave 5. With an eye on this idea I entered short earlier today. However I have to admit that my confidence is still low but it will increase if we see a fall below 1.9730. Key resistance is 1.9806 and in a case of a break above it, one should expect re-test of 1.9892 which is very important level because a rise aboveWed, 16 Apr 2008 15:37:46 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-16.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-14.htmlMy working count suggests that the movement started from 1.5340 (24 March) is a terminal impulse (ending diagonal). The chart shows part of it and I think that we are currently in wave 5 for a move above 1.5912. With an eye on this idea I entered long earlier today. However one should bear in mind that the expected up-move is marginal upon me and I would expect a sharp sell-off later. An initial rise above 1.5912 followed by an immediate fall below 1.5670 would be a confirmation for theMon, 14 Apr 2008 14:24:17 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-11.htmlI think that the recent consolidation between 122.92 and 101.44 was in a bearish triangle. It was broken from the downside and we saw a fall to 100.00. However the forthcoming deep recovery to 102.25 has ruled out the possibility for a direct fall below 95.73. In fact I think that the movement started from 95.73 will turn out to be very complex and it is not finished yet. I will discuss the situation in more details in the weekly analysis. Regarding the current situation I expect anotherFri, 11 Apr 2008 15:50:34 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-07.htmlThe chart shows the movement after 1.5509. I think that it is developing as a corrective combination and we are currently in its second phase. It could be a flat or a triangle. In both cases 1.5509 is the key support and a fall below it should bring at least a new low below 1.5340 and probably much lower prices. A key resistance remains 1.5895. From the smaller picture it is still unclear what exactly is going on. I tend to open a short position but currently there is no reliable pattern toMon, 07 Apr 2008 15:04:17 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-04.htmlI think that the rise started from 98.80 is wave C of the movement started from 95.73. It could be already over and if this assumption is correct, a sharp fall to minimum 98.80 and more likely a new low below 95.73 should be expected. With an eye on these extremely bearish expectations I entered short position. A key resistance is 102.60 Trading strategy: 11:02 EST; 16:02 GMT Short position from 101.57, stop loss - 102.65, target - open Confidence level – mediumFri, 04 Apr 2008 15:18:58 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-04.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-02.htmlThe chart shows my working count for the fall started from 2.0191. I think it is corrective in nature in the position of wave B which suggests that one more rise to 2.0191 is forthcoming in wave C. I count the fall as a triple corrective combination which ends with a triangle. There is a possibility wave e of the said triangle to be forthcoming so I allow one more fall to 1.9770. A key support is 1.9720. A break above 1.9871 would be a signal that wave C is under way so I give a strategy toWed, 02 Apr 2008 10:58:01 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-04-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v09.htmlTrading strategy: 12:10 EST; 16:10 GMT Sell on break of 1.5725 (sell stop order at 1.5724), stop loss - 1.5800, target - open Confidence level – high This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Fri, 28 Mar 2008 16:47:01 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v09.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v08.htmlThe rise started from 95.73 is corrective in nature. It looks like as a completed pattern so I think that the fall started from 101.02 is at least a deep retracement (61.8 %). With an eye on these expectations I re-entered short. A key resistance is 100.37 Trading strategy: 11:22 EST; 15:22 GMT Short position from 99.80, stop loss - 100.45, target - 97.80 Confidence level – low This analysis has only informational and educational purpose and does not represent a proposal for buying or sellingFri, 28 Mar 2008 16:45:25 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v08.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v07.htmlTrading strategy: 10:31 EST; 14:31 GMT The short position from 99.60 was closed at 100.37 with loss 77 pips Sell again at market (99.80), stop loss - 100.45, target - 97.80 Confidence level – low This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Fri, 28 Mar 2008 16:35:39 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v07.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v06.htmlThe fall started from 1.5904 is corrective in nature and developed as a triple corrective combination which ended with a triangle. It finished at 1.5406 and a new strong rise followed. The possibilities for it are two – impulsive movement for a new high above 1.5904 or corrective movement in wave B (wave A is the 1.5904 – 1.5406 movement) followed by another fall in wave C. There is still no clearness what exactly is developing because none of the possibilities is ruled out. I continue toFri, 28 Mar 2008 15:30:10 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v06.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v05.htmlThe yesterday’s sell-off started from 2.0191 aborted the possibility for an impulsive movement from 1.9776. With an eye on this I exited my previous long position yesterday and even turned short earlier today. The chart shows my working count and there are two distinct possibilities for the fall started yesterday – impulsive in wave C (in such a case the 2.0396 – 1.9776 movement is wave A and the subsequent recovery to 2.0191 is wave B) or corrective which suggests a new high above 2.0191Fri, 28 Mar 2008 13:39:17 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v05.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.htmlTrading strategy: 03:21 EST; 07:21 GMT The long position from 1.5475 was closed at 1.5750 with protit 275 pips. Sell on break of 1.5725 (sell stop order at 1.5724), stop loss - 1.5910, target - open Confidence level – high This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Fri, 28 Mar 2008 08:14:32 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v04.htmlTrading strategy: 03:00 EST; 07:00 GMT The long position from 1.9809 and the additions to it from 1.9966 and from 2.0116 were closed at 2.0100 with total profit 409 pips. Sell at market (1.9999), stop loss - 2.0095, target - open Confidence level –medium This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Fri, 28 Mar 2008 08:22:58 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v03.htmlTrading strategy: 03:07 EST; 07:07 GMT Sell at market (1.9998), stop loss - 2.0200, target - open Confidence level –medium This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Fri, 28 Mar 2008 08:21:50 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v02.htmlTrading strategy: 03:12 EST; 07:12 GMT Long position from 1.5757, move the stop loss from 1.5720 to 1.5760 (stop and reverse), target - 1.5860 Confidence level – medium This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Fri, 28 Mar 2008 08:15:41 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-28.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.v06.htmlTrading strategy: 12:12 EST; 16:12 GMT Long position from 1.9891 + addition to it from 2.0116 Exit the long position at market (2.0086) with total profit 165 pips. Stand aside This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Thu, 27 Mar 2008 16:56:32 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.v06.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.v05.htmlTrading strategy: 10:34 EST; 14:34 GMT Short position from 99.60, stop loss - 100.37, target - 97.80 Confidence level – low This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Thu, 27 Mar 2008 14:57:28 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.v05.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.v04.htmlThe fall started from 1.5904 is corrective in nature and developed as a triple corrective combination which ended with a triangle. It finished at 1.5406 and a new strong rise followed. The possibilities for it are two – impulsive movement for a new high above 1.5904 or corrective movement in wave B (wave A is the 1.5904 – 1.5406 movement) followed by another fall in wave C. There is still no clearness what exactly is developing because none of the possibilities is ruled out. I continue toThu, 27 Mar 2008 14:29:06 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.v03.htmlTrading strategy: 03:15 EST; 07:15 GMT Long position from 1.9809, stop profit - 1.9880, target – 2.0465 Addition to the long position from 1.9966, stop loss - 1.9880, target – 2.0465 Add to the long position again on break of 2.0115 (buy stop order at 2.0116), stop loss - 1.9990, target - 2.0465 Confidence level –high This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Thu, 27 Mar 2008 09:22:08 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.v02.htmlTrading strategy: 03:33 EST; 07:33 GMT Long position from 1.9891, move the stop loss from 1.9715 to 1.9880, target – 2.0460 Add to the long position on break of 2.0115 (buy stop order at 2.0116), stop loss - 1.9880, target - 2.0460 Confidence level – changed from low to high This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Thu, 27 Mar 2008 09:21:00 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.htmlTrading strategy: 04:03 EST; 08:03 GMT Buy at market (1.5757), stop loss - 1.5720, target - 1.5860 Confidence level – medium This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Thu, 27 Mar 2008 09:19:26 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-26.v05.htmlTrading strategy: 11:51 EST; 15:51 GMT The long position from 100.30 was closed at 99.60 with loss 70 pips. Short position from 99.60, stop loss -101.07, target - open Confidence level – low This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Wed, 26 Mar 2008 16:28:31 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-26.v05.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-26.v04.htmlIt is obvious that USD/JPY is difficult for me to interpret in terms of wave count. The current fall started from 101.02 has aborted the possibility for a stronger rise and we should look again down. The chart shows my working count which suggests that a complex corrective combination is developing from 95.73. However I have to admit that my confidence is still low and the current short position is risky at the moment. A key resistance is 100.32 and as long as it stays unbroken, the moreWed, 26 Mar 2008 16:23:53 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-26.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-26.v03.htmlThe fall started from 2.0396 is corrective in nature and is in the position of wave B. It developed as a double corrective combination which ended with a triangle. The subsequent rise is wave C upon me. Wave 1 of C finished today at 2.0110, the following fall is wave 2, and wave 3 up should be forthcoming. With an eye on this I exited the addition to the main long position today at 2.0090 but I re-entered this addition again at 1.9967. A key support is 1.9880. A key resistance is 2.0110 and aWed, 26 Mar 2008 14:58:47 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-26.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-26.v02.htmlTrading strategy: 08:01 EST; 12:01 GMT Long position from 1.5475, move the stop loss from 1.5275 to 1.5700, change the target from 1.5795 to 1.5750 Confidence level – high This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Wed, 26 Mar 2008 14:13:58 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-26.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-26.htmlTrading strategy: 05:22 EST; 09:22 GMT Long position from 1.9809, move the stop loss from 1.9829 to 1.9880, target - open Addition to the long position from 1.9854 Exit the addition to the long position at market (2.0090) with profit 236 pips Confidence level –high This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.Wed, 26 Mar 2008 10:05:40 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-03-26.html