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Update Time: 23 Nov 2006 10:20GMT
WEEKLY OUTLOOK ON GBP/JPY - 222.83
Despite stg's anticipated weakness suggests re-
cent decline remains in force, break of 222.54/55
needed to confirm top made at 225.33, 221.85 later.
Wud be prudent to exit short at 224.20 n stand
aside. Abv 223.45/50 prolongs consolidation, 224.00
Rate: 222.83
Strategy: Exit short
Position: Short at 224.20
Objective:
Stop-Loss:
Resistance: 223.44/224.02/224.85
Support: 222.54/221.85/221.30
More winning Trades
........
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Update Time: 23 Nov 2006 09:42GMT
INTRA-DAY USD/CHF OUTLOOK - +1.2230+
Similar to euro, although dlr has traded narrow
ly after y'day's selloff to 1.2255, reckon upside
wud be ltd to 1.2285/90 n bearishness remains for
recent decline to resume twds 1.2228, however, loss
of momentum wud keep price abv 1.2200.
Trade fm short side with stop as indicated, abv
defers but 1.2347 (prev. sup) shud remain intact...
Rate: +1.2230+
Strategy: +Target met+
Position: Short at 1.2272
Objective: 1.2230
Stop-Loss:
Resistance: 1.2285/1.2347/1.2397
Support: 1.2228/1.2183/1.2113
Update Time: 23 Nov 2006 09:37GMT
DAILY USD/JPY OUTLOOK - 116.35
Although dlr's intra-day weakness suggests the
decline fm 119.88 remains in progress, nr term loss
of momentum wud shud prevent further steep fall fm
here, reckon daily chart sup at 116.08 wud hold on
today n risk has increased for a rebound later.
Exit short n stand aside for now. Abv 116.65
wud signal temp. low is made n extend to 116.95/05.
Rate: 116.35
Strategy: Exit short
Position: Short at 116.95
Objective:
Stop-Loss:
Resistance: 116.95/117.51/117.92
Support: 116.08/115.57/115.00
www.AceTraderFX.com
Update Time: 23 Nov 2006 10:20GMT
WEEKLY OUTLOOK ON GBP/JPY - 222.83
Despite stg's anticipated weakness suggests re-
cent decline remains in force, break of 222.54/55
needed to confirm top made at 225.33, 221.85 later.
Wud be prudent to exit short at 224.20 n stand
aside. Abv 223.45/50 prolongs consolidation, 224.00
Rate: 222.83
Strategy: Exit short
Position: Short at 224.20
Objective:
Stop-Loss:
Resistance: 223.44/224.02/224.85
Support: 222.54/221.85/221.30
More winning Trades
........
----------------------------------Update Time: 23 Nov 2006 09:42GMT
INTRA-DAY USD/CHF OUTLOOK - +1.2230+
Similar to euro, although dlr has traded narrow
ly after y'day's selloff to 1.2255, reckon upside
wud be ltd to 1.2285/90 n bearishness remains for
recent decline to resume twds 1.2228, however, loss
of momentum wud keep price abv 1.2200.
Trade fm short side with stop as indicated, abv
defers but 1.2347 (prev. sup) shud remain intact...
Rate: +1.2230+
Strategy: +Target met+
Position: Short at 1.2272
Objective: 1.2230
Stop-Loss:
Resistance: 1.2285/1.2347/1.2397
Support: 1.2228/1.2183/1.2113
More winning Trades ........
----------------------------------Update Time: 23 Nov 2006 09:37GMT
DAILY USD/JPY OUTLOOK - 116.35
Although dlr's intra-day weakness suggests the
decline fm 119.88 remains in progress, nr term loss
of momentum wud shud prevent further steep fall fm
here, reckon daily chart sup at 116.08 wud hold on
today n risk has increased for a rebound later.
Exit short n stand aside for now. Abv 116.65
wud signal temp. low is made n extend to 116.95/05.
Rate: 116.35
Strategy: Exit short
Position: Short at 116.95
Objective:
Stop-Loss:
Resistance: 116.95/117.51/117.92
Support: 116.08/115.57/115.00
