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Update Time:     15 Mar 2009 23:01GMT
INTRA-DAY USD/JPY OUTLOOK - +98.10+

Although dlr's retreat fm last Friday's high at
98.67 suggests further consolidation below there is
in store n marginal weakness cannot be ruled out,
this moves looks corrective n reckon sup at 97.40
shud contain downside, yield rebound later.

Incline to buy on dips n only a rise abv 98.29
wud signal pullback is over, 98.67...

   Rate:     +98.10+
   Strategy:     +Target met+
   Position:     +Long at 97.60+
   Objective:     98.10
   Stop-Loss:     
   Resistance:     98.29 / 98.67 / 98.93
   Support:     97.40 / 97.13 / 96.52
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Update Time:     13 Mar 2009 19:20GMT
INTRA-DAY GBP/USD OUTLOOK - 1.3970

Despite cable's anticipated weakness, a breach
of 1.3928 is needed to signal intra-day decline fm
1.4071 to retrace recent upmove has resumed n bring
further fall twd 1.3890/00 b4 prospect of a rebound
due to nr term loss of momentum.

Wud be prudent to exit short n stand aside. Abv
1.4017 wud indicate correction is over, 1.4040/50..

   Rate:     1.3970
   Strategy:     Exit short
   Position:     Short at 1.4000
   Objective:     
   Stop-Loss:     
   Resistance:     1.4017/1.4071/1.4091
   Support:     1.3928/1.3865/1.3836
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Update Time:     13 Mar 2009 13:04GMT
INTRA-DAY GBP/USD OUTLOOK - +1.3960+

Failure to extend intra-day rebound n current
retreat signal a temp. top has been formed at
1.4071 n consolidation with downside bias is seen
for correction to 1.3960, however, break of 1.3945/
50 is needed to confirm n bring retrace. to 1.3900.

Turn short with stop as indicated, breach wud
risk another bounce to 1.4040/45...

   Rate:     +1.3960+
   Strategy:     +Target met+
   Position:     +Short at 1.3993+
   Objective:     1.3960
   Stop-Loss:     
   Resistance:     1.4011/1.4071/1.4091
   Support:     1.3950/1.3865/1.3836

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