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Update Time:     24 Mar 2009 17:02GMT
DAILY EUR/JPY OUTLOOK - 132.90

Despite euro's anticipated firmness, a rise abv
133.46 is needed to signal pullback fm 134.50 has
ended at 132.19 n yield further subsequent re-test
of said res, otherwise, choppy trading is in store
n another corrective fall cannot be ruled out.

Exit long n stand aside. Below 132.05/19 wud
bring stronger retrace. of upmove twd 131.62...

   Rate:     132.90
   Strategy:     Exit long
   Position:     Long at 132.20
   Objective:     
   Stop-Loss:     
   Resistance:     133.46/134.50/135.74
   Support:     132.05/131.62/130.88
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Update Time:     24 Mar 2009 13:44GMT
INTRA-DAY EUR/GBP OUTLOOK - 0.9235

Euro's rebound after early selloff to 0.9171
suggests an intra-day low has possibly been made n
consolidation with upside bias wud be seen for a
bounce to 0.9247 but break needed to bring stronger
retrace. of recent decline to 0.9285 (prev. sup).

Wud be prudent to exit long n look to buy again
on dips as 0.9171 sup shud hold fm here...

   Rate:     0.9235
   Strategy:     Exit long
   Position:     Long at 0.9205
   Objective:     
   Stop-Loss:     
   Resistance:     0.9247/0.9285/0.9320
   Support:     0.9171/0.9146/0.9100
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Update Time:     24 Mar 2009 10:34GMT
DAILY GBP/USD OUTLOOK - 1.4655

Although cable's anticipated retreat fm 1.4780
signals a temp. top has been made there n retrace.
of recent upmove to 1.4622 is likely, break there
is needed to retain nr term bearishness for further
fall to 1.4580.

Exit short n look to sell again on recovery as
upside shud be ltd to 1.4710/20...

   Rate:     1.4655
   Strategy:     Exit short
   Position:     +Short at 1.4775+
   Objective:     +1.4650+
   Stop-Loss:     
   Resistance:     1.4780/1.4836/1.4894
   Support:     1.4622/1.4550/1.4450

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