---------------------------------------------------------------------------
Update Time:     14 Jan 2009 08:14GMT
GBP/JPY DAILY CROSS OUTLOOK - +131.75+

Stg's breach of indicated 131.18 res confirms a
temp. low was made at 128.87 y'day n retrace. of re
cent decline to 131.79 n possibly 132.60 is seen.

Trade fm long side with stop as indicated, below
risks weakness to 129.50/60 but 128.80 shud hold...

   Rate:     +131.75+
   Strategy:     +Target met+
   Position:     Long at 130.75
   Objective:     131.75
   Stop-Loss:     
   Resistance:     131.79/132.76/133.63
   Support:     130.06/129.52/128.87

---------------------------------------------------------------------------
Update Time:     13 Jan 2009 15:53GMT
DAILY EUR/GBP CROSS OUTLOOK - +0.9045+

Euro's retreat after intra-day brief rise to
0.9125 suggests upmove fm 0.8839 has possibly made
a top there n weakness to 0.9032 n possibly twds
0.8990 sup is envisaged, however, nr term o/sold
condition shud limit fall to 0.8950/60 today.

Trade fm short side with stop as indicated n
only abv 0.9125 wud abort n extend gain to 0.9147..

   Rate:     +0.9045+
   Strategy:     +Target met+
   Position:     Short at 0.9110
   Objective:     0.9045
   Stop-Loss:     
   Resistance:     0.9125/0.9147/0.9175

---------------------------------------------------------------------------
Update Time:     13 Jan 2009 07:38GMT
INTRA-DAY AUD/USD OUTLOOK - 0.6738

Despite aud's anticipated resumption of recent
decline to 0.6724, nr term o/sold condition shud
prevent sharp fall below there n reckon 0.6700 wud
limit downside n risk has increased for corrective
bounce later.

Wud be prudent to exit short n stand aside. Abv
0.6779 wud yield retrace. twd 0.6818...

   Rate:     0.6738
   Strategy:     Exit short
   Position:     Short at 0.6775
   Objective:     
   Stop-Loss:     
   Resistance:     0.6779/0.6818/0.6874
   Support:     0.6724/0.6664/0.6612


---------------------------------------------------------------------------