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Update Time:     25 Feb 2009 18:36GMT
INTRA-DAY GBP/USD OUTLOOK - 1.4185

Despite intra-day anticipated resumption of
decline fm this week's high at 1.4663, near term
o/sold condition is likely to prevent steep fall
below prev. sup at 1.4150 n reckon 1.4120/30 wud
limit downside, yield a corrective bounce.

Exit short n look to sell again on recovery as
only abv 1.4290/00 signals temp. low is made...

   Rate:     1.4185
   Strategy:     Exit short
   Position:     Short at 1.4225
   Objective:     
   Stop-Loss:     
   Resistance:     1.4229/1.4293/1.4330
   Support:     1.4150/1.4092/1.4052
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Update Time:     25 Feb 2009 16:02GMT
EUROPEAN CLOSING GBP/USD OUTLOOK - 1.4240

Despite cable's anticipated weakness after
meeting renewed selling around 1.4295/00, near term
o/sold condition shud limit downside fm here to
1.4210/20 n risk has increased for a corrective
bounce to take place later.

Exit short n look to sell again on recovery as
only abv 1.4320/25 signals intra-day low is made...

   Rate:     1.4240
   Strategy:     Exit short
   Position:     Short at 1.4280
   Objective:     
   Stop-Loss:     
   Resistance:     1.4330/1.4375/1.4423
   Support:     1.4229/1.4200/1.4150
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Update Time:     25 Feb 2009 14:01GMT
DAILY EUR/GBP OUTLOOK - +0.8915+

Y'day's rally fm 0.8726 to 0.8884 signals fall
fm 0.9073 has formed a low there n further 'choppy'
trading inside 0.8637-0.9073 range wud continue n
upside bias remains for gain twds 0.8918 res, abv
there wud extend to 0.8946 later.

Trade fm long side, stop as indicated, break
risks weakness to 0.8761 but 0.8726 sup shud hold..

   Rate:     +0.8915+
   Strategy:     +Target met+
   Position:     Long at 0.8835
   Objective:     0.8915
   Stop-Loss:     
   Resistance:     0.8918/0.8946/0.9073
   Support:     0.8855/0.8815/0.8783
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