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Update Time:     15 May 2009 07:10GMT
DAILY EUR/JPY OUTLOOK - +129.35+

Euro's strg rebound fm 128.87 y'day suggests
caution on our short n 131.30/35 must hold for
prospect of a retreat but break of 129.00 is needed
to confirm decline fm 134.80 top has resumed for
weakness twds 128.50 next week.

Trade fm short side with stop as indicated, abv
risks stronger retrace. of aforesaid fall to 131.80

   Rate:     +129.35+
   Strategy:     +Target met+
   Position:     Short at 130.85
   Objective:     129.35
   Stop-Loss:     
   Resistance:     131.43/132.40/133.60
   Support:     130.20/129.80/128.87
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Update Time:     15 May 2009 07:00GMT
DAILY GBP/JPY CROSS OUTLOOK - 145.05

Despite current anticipated retreat, stg needs
to break 144.50 to signal correction fm 143.45 has
ended n extend weakness twds this lvl later.

Exit short at 146.20 n look to sell on recovery
as upside wud be ltd to 145.70/80...

   Rate:     145.05
   Strategy:     Exit short
   Position:     Short at 146.20
   Objective:     
   Stop-Loss:     
   Resistance:     146.43/147.19/148.09
   Support:     144.66/143.45/142.20
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Update Time:     14 May 2009 21:26GMT
PRE-ASIAN OPENING USD/JPY OUTLOOK - +96.00+

Dlr's breach of 95.82 signals intra-day rise fm
95.10 to retrace recent decline has resumed n
further gain to 96.00/10 is seen, however, reckon
upside wud be ltd to 96.34 n price shud falter well
below 96.70 res n yield retreat later.

Trade fm long side with stop as indicated, below
wud abort n may risk re-test of 95.10...

   Rate:     +96.00+
   Strategy:     +Target met+
   Position:     Long at 95.60
   Objective:     96.00
   Stop-Loss:     
   Resistance:     96.34 / 96.70 / 97.13
   Support:     95.47 / 95.10 / 94.65

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