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Update Time:     17 Mar 2009 17:55GMT
INTRA-DAY EUR/JPY OUTLOOK - 128.15

As euro has retreated after being capped below
128.54, suggesting further choppy trading wud be
seen n weakness twd 127.90/00 cannot be ruled out,
however, sup at 127.74 shud limit downside n yield
another rebound later.

Exit long n stand aside. Only abv 128.54 signals
recent upmove has resumed for re-test of 128.74 1st

   Rate:     128.15
   Strategy:     Exit long
   Position:     Long at 127.85
   Objective:     
   Stop-Loss:     
   Resistance:     128.54/128.74/129.70
   Support:     127.74/127.12/126.48
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Update Time:     17 Mar 2009 06:04GMT
INTRA-DAY EUR/JPY OUTLOOK - +128.30+

As euro has risen after finding renewed buying
at 127.64, further gain to 128.30/40 is seen but
abv y'day's high at 128.74 is needed to confirm
recent upmove has resumed n extend to 129.00/10.

Reinstate long on dips with stop as indicated,
below wud prolong consolidation n risk another fall
twds 127.12...

   Rate:     +128.30+
   Strategy:     +Target met+
   Position:     +Long at 127.90+
   Objective:     128.30
   Stop-Loss:     
   Resistance:     128.74/128.94/129.70
   Support:     127.64/127.12/126.48
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Update Time:     16 Mar 2009 16:06GMT
EUROPEAN CLOSING EUR/USD OUTLOOK - +1.2980+

Although euro has rebounded after intra-day
retreat fm 1.3072 to 1.2982, if our view temp. top
formed at 1.3072 is correct, upside wud be ltd n
yield another decline, break of said sup wud bring
retrace. of upmove to 1.2958 (prev. res).

Trade fm short side with stop as indicated, abv
wud risk re-test of 1.3072 b4 down...

   Rate:     +1.2980+
   Strategy:     +Target met+
   Position:     Short at 1.3020
   Objective:     1.2980
   Stop-Loss:     
   Resistance:     1.3072/1.3095/1.3155
   Support:     1.2982/1.2958/1.2883
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