AceTrader 1-wk TRIAL
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Update Time: 10 Feb 2009 10:29GMT
DAILY GBP/USD OUTLOOK - 1.4800
Although cable's fall fm y'day's high at 1.4986
signals recent strg upmove has possibly made a top,
intra-day rebound fm 1.4758 suggests choppy trading
is likely b4 prospect of another decline but below
1.4702 needed to yield weakness twd 1.4608 later.
Exit short n sell again on recovery as only abv
1.4894 wud indicate pullback fm 1.4986 is over...
Rate: 1.4800
Strategy: Exit short
Position: Short at 1.4890
Objective:
Stop-Loss:
Resistance: 1.4894/1.4986/1.5026
Support: 1.4758/1.4702/1.4590
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Update Time: 10 Feb 2009 06:31GMT
INTRA-DAY GBP/USD OUTLOOK - +1.4825+
Although cable's rebound after initial euro-led
drop to 1.4772 suggests pullback fm y'day's top at
1.4986 has made a temp. low n 'choppy' trading is
seen, 1.4870/80 shud cap upside n yield retreat but
below said sup needed to extend twd 1.4740/50.
Reinstate short on recovery n only abv 1.4900/05
may risk stronger gain to 1.4920/30...
Rate: +1.4825+
Strategy: +Target met+
Position: +Short at 1.4875+
Objective: +1.4825+
Stop-Loss:
Resistance: 1.4881/1.4927/1.4986
Support: 1.4772/1.4702/1.4629
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Update Time: 10 Feb 2009 03:42GMT
INTRA-DAY EUR/USD OUTLOOK - +1.2820+
Although euro has recovered after the intra-day
cross-inspired selloff to 1.2819 n consolidation
abv there is seen, as long as 1.2890/00 holds,
downside bias remains for resumption of decline fm
y'day's high at 1.3095 to said sup n 1.2780/90.
Trade fm short side with stop as indicated, abv
wud signal low is made n risk 1.2920/30...
Rate: +1.2820+
Strategy: +Target met+
Position: Short at 1.2870
Objective: 1.2820
Stop-Loss:
Resistance: 1.2874/1.2902/1.2982
Support: 1.2747/1.2706/1.2627
****************************************************
Update Time: 10 Feb 2009 10:29GMT
DAILY GBP/USD OUTLOOK - 1.4800
Although cable's fall fm y'day's high at 1.4986
signals recent strg upmove has possibly made a top,
intra-day rebound fm 1.4758 suggests choppy trading
is likely b4 prospect of another decline but below
1.4702 needed to yield weakness twd 1.4608 later.
Exit short n sell again on recovery as only abv
1.4894 wud indicate pullback fm 1.4986 is over...
Rate: 1.4800
Strategy: Exit short
Position: Short at 1.4890
Objective:
Stop-Loss:
Resistance: 1.4894/1.4986/1.5026
Support: 1.4758/1.4702/1.4590
****************************************************
Update Time: 10 Feb 2009 06:31GMT
INTRA-DAY GBP/USD OUTLOOK - +1.4825+
Although cable's rebound after initial euro-led
drop to 1.4772 suggests pullback fm y'day's top at
1.4986 has made a temp. low n 'choppy' trading is
seen, 1.4870/80 shud cap upside n yield retreat but
below said sup needed to extend twd 1.4740/50.
Reinstate short on recovery n only abv 1.4900/05
may risk stronger gain to 1.4920/30...
Rate: +1.4825+
Strategy: +Target met+
Position: +Short at 1.4875+
Objective: +1.4825+
Stop-Loss:
Resistance: 1.4881/1.4927/1.4986
Support: 1.4772/1.4702/1.4629
****************************************************
Update Time: 10 Feb 2009 03:42GMT
INTRA-DAY EUR/USD OUTLOOK - +1.2820+
Although euro has recovered after the intra-day
cross-inspired selloff to 1.2819 n consolidation
abv there is seen, as long as 1.2890/00 holds,
downside bias remains for resumption of decline fm
y'day's high at 1.3095 to said sup n 1.2780/90.
Trade fm short side with stop as indicated, abv
wud signal low is made n risk 1.2920/30...
Rate: +1.2820+
Strategy: +Target met+
Position: Short at 1.2870
Objective: 1.2820
Stop-Loss:
Resistance: 1.2874/1.2902/1.2982
Support: 1.2747/1.2706/1.2627
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