**************************************************
Update Time:     12 May 2009 16:47GMT
EUROPEAN CLOSING EUR/JPY OUTLOOK - 131.21

Despite euro's anticipated weakness, present
bounce fm 131.05 suggests consolidation is seen n
recovery twd 131.50/60 can't be ruled out, however,
price shud falter well below 132.03 res n yield
another selloff later.

Exit short n look to sell again on pullback.
Below said sup extends decline fm 134.80 twd 131.50

   Rate:     131.21
   Strategy:     Exit short
   Position:     Short at 131.60
   Objective:     
   Stop-Loss:     
   Resistance:     132.03/133.60/133.98
   Support:     131.05/130.73/129.86
**************************************************
Update Time:     12 May 2009 14:14GMT
INTRA-DAY EUR/USD OUTLOOK - +1.3630+

Despite euro's intra-day brief rise to 1.3708,
subsequent retreat suggests consolidation with
downside bias wud be seen for weakness twds 1.3623,
however, break needed to confirm temp. top is made
n yield retrace. to 1.3585/90.

Turn cautious seller with stop as indicated
only abv 1.3708 wud extend gain twds 1.3739 res....

   Rate:     +1.3630+
   Strategy:     +Target met+
   Position:     +Short at 1.3670+
   Objective:     1.3630
   Stop-Loss:     
   Resistance:     1.3708/1.3739/1.3800
   Support:     1.3604/1.3557/1.3517
**************************************************
Update Time:     12 May 2009 13:20GMT
INTRA-DAY EUR/JPY OUTLOOK - +132.50+

Euro's strg retreat fm 133.60 suggests recovery
fm 131.77 has ended n consolidation with downside
bias is seen for weakness to 132.40/45, however,
break is needed to confirm decline fm 134.80 has
resumed n yield re-test of said sup lvl later.

Sell on minor pullback with stop as indicated,
abv wud risk 133.35/40 but 133.60 shud limit gain..

   Rate:     +132.50+
   Strategy:     +Target met+
   Position:     +Short at 132.90+
   Objective:     +132.50+
   Stop-Loss:     
   Resistance:     133.60/133.98/134.56
   Support:     132.15/131.77/130.73

**************************************************