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Update Time: 22 Jan 2009 07:04GMT
DAILY EUR/GBP CROSS OUTLOOK - +0.9390+
Euro's retreat fm y'day's 0.9430 high is viewed
as a minor correction of recent upmove n as long as
0.9282 holds, upside bias remains for the rise fm
0.8839 (this month's low) to resume to re-test said
res n later 0.9450/60.
Trade fm long side with stop as indicated, below
wud abort n risk stronger retrace. to 0.9240/50...
Rate: +0.9390+
Strategy: +Target met+
Position: Long at 0.9300
Objective: 0.9390
Stop-Loss:
Resistance: 0.9430/0.9492/0.9545
Support: 0.9328/0.9282/0.9214
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Update Time: 21 Jan 2009 15:52GMT
DAILY USD/CHF OUTLOOK - 1.1466
Present anticipated rebound fm 1.1380 suggests
correction fm 1.1519 has possibly ended there n con
solidation with upside bias is seen, however, break
of said res is needed to confirm upmove fm 1.0370
has resumed n extend gain to 1.1562.
Wud be prudent to exit long n stand aside for
now. Below 1.1380 risks retrace. to 1.1345....
Rate: 1.1466
Strategy: Exit long
Position: Long at 1.1390
Objective:
Stop-Loss:
Resistance: 1.1519/1.1562/1.1686
Support: 1.1380/1.1286/1.1224
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Update Time: 21 Jan 2009 15:51GMT
DAILY GBP/USD OUTLOOK - 1.3788
Present anticipated retreat after meeting
renewed selling below 1.3868 suggests consolidation
with downside bias is seen, however, breach of
1.3715 sup is needed to bring further weakness twds
1.3682 (01' low) n yield rebound later.
Wud be prudent to exit short n stand aside.
Abv 1.3868 wud bring stronger retrace. to 1.3942..
Rate: 1.3788
Strategy: Exit short
Position: Short at 1.3860
Objective:
Stop-Loss:
Resistance: 1.3868/1.3942/1.4025
Support: 1.3715/1.3682/1.3600
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Update Time: 22 Jan 2009 07:04GMT
DAILY EUR/GBP CROSS OUTLOOK - +0.9390+
Euro's retreat fm y'day's 0.9430 high is viewed
as a minor correction of recent upmove n as long as
0.9282 holds, upside bias remains for the rise fm
0.8839 (this month's low) to resume to re-test said
res n later 0.9450/60.
Trade fm long side with stop as indicated, below
wud abort n risk stronger retrace. to 0.9240/50...
Rate: +0.9390+
Strategy: +Target met+
Position: Long at 0.9300
Objective: 0.9390
Stop-Loss:
Resistance: 0.9430/0.9492/0.9545
Support: 0.9328/0.9282/0.9214
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Update Time: 21 Jan 2009 15:52GMT
DAILY USD/CHF OUTLOOK - 1.1466
Present anticipated rebound fm 1.1380 suggests
correction fm 1.1519 has possibly ended there n con
solidation with upside bias is seen, however, break
of said res is needed to confirm upmove fm 1.0370
has resumed n extend gain to 1.1562.
Wud be prudent to exit long n stand aside for
now. Below 1.1380 risks retrace. to 1.1345....
Rate: 1.1466
Strategy: Exit long
Position: Long at 1.1390
Objective:
Stop-Loss:
Resistance: 1.1519/1.1562/1.1686
Support: 1.1380/1.1286/1.1224
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Update Time: 21 Jan 2009 15:51GMT
DAILY GBP/USD OUTLOOK - 1.3788
Present anticipated retreat after meeting
renewed selling below 1.3868 suggests consolidation
with downside bias is seen, however, breach of
1.3715 sup is needed to bring further weakness twds
1.3682 (01' low) n yield rebound later.
Wud be prudent to exit short n stand aside.
Abv 1.3868 wud bring stronger retrace. to 1.3942..
Rate: 1.3788
Strategy: Exit short
Position: Short at 1.3860
Objective:
Stop-Loss:
Resistance: 1.3868/1.3942/1.4025
Support: 1.3715/1.3682/1.3600
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