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Update Time:     11 May 2009 09:24GMT
INTRA-DAY USD/JPY OUTLOOK - +97.65+

Present breach of 98.16 on active cross buying
in jpy due to the selloff in Asian stock markets n
weak opening in European equities suggests decline
fm 99.80 to retrace upmove fm 95.63 has resumed n
further weakness to 97.61 is seen.

Wud be prudent to exit short n sell again on
recovery as 98.16 (prev. sup) shud cap upside...

   Rate:          97.65
   Strategy:     +Target met+
   Position:     +Short at 98.00+
   Objective:    +97.65+  
   Stop-Loss:     
   Resistance:     98.16/98.87/99.23
   Support:         97.15/97.58/97.34
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Update Time:     11 May 2009 08:51GMT
INTRA-DAY EUR/GBP OUTLOOK - 0.8990

Although euro has eased fm marginal high at
0.8977, as long as 0.8940/50 holds, upside bias
remains for nr term upmove fm last wk's 0.8765 low
to extend twd 0.8990/00 but prev. res at 0.9022
shud limit upside n bring retreat later.

Trade fm long side with stop as indicated,
break wud risk pullback to 0.8900/05...

   Rate:          +0.8990+
   Strategy:     +Target met+
   Position:     0.8990
   Objective:      
   Stop-Loss:     
   Resistance:     0.8999/0.9022/0.9055
   Support:         0.8935/0.8895/0.8877
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Update Time:     11 May 2009 08:29GMT
INTRA-DAY USD/JPY OUTLOOK - 97.78

Present breach of 98.16 on active cross buying
in jpy due to the selloff in Asian stock markets n
weak opening in European equities suggests decline
fm 99.80 to retrace upmove fm 95.63 has resumed n
further weakness to 97.61 is seen.

Wud be prudent to exit short n sell again on
recovery as 98.16 (prev. sup) shud cap upside...

   Rate:          97.78
   Strategy:     Exit short n sell at 98.00
   Position:     Short at 98.15
   Objective:     97.70
   Stop-Loss:     98.15
   Resistance:     98.16/98.87/99.23
   Support:         97.70/97.22/97.00
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