AceTrader 1-wk TRIAL
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Update Time: 06 Jul 2009 06:44GMT
INTRA-DAY EUR/JPY OUTLOOK - +132.80+
Euro's retreat after meeting renewed selling at
133.75 suggests recovery fm 132.96 (Asia) has ended
there n downside bias is seen for a resumption of
decline fm 136.90 to re-test said sup, then twd
132.40/50 b4 recovery due to loss of momentum.
Sell on minor pullback with stop as indicated n
only abv 133.75 risks correction twd 134.00/10...
Rate: +132.80+
Strategy: +Target met+
Position: +Short at 133.30+
Objective: 132.80
Stop-Loss:
Resistance: 133.75/134.05/134.58
Support: 132.37/131.41/130.73
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Update Time: 03 Jul 2009 11:25GMT
DAILY GBP/USD OUTLOOK - 1.6325
Despite present anticipated resumption of
recent fall to 1.6301, subsequent rebound suggests
a temp. low has possibly been made n retrace. to
1.6369 cannot be ruled out, however, reckon 1.6432
res shud cap upside.
Wud be prudent to exit short n look to sell
again on recovery. Below 1.6301 extends to 1.6265.
Rate: 1.6325
Strategy: Exit short
Position: Short at 1.6410
Objective:
Stop-Loss:
Resistance: 1.6369/1.6432/1.6546
Support: 1.6301/1.6265/1.6231
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Update Time: 03 Jul 2009 07:48GMT
INTRA-DAY GBP/USD OUTLOOK - +1.6360+
Cable's retreat after meeting selling at 1.6432
due to cross trading in sterling suggests correct-
ion fm y'day's low at 1.6323 has possibly ended n
below 1.6350/60 wud bring re-test of said sup but
break needed to extend decline fm 1.6745 to 1.6300.
Trade fm short side with stop now as indicated
n only abv 1.6432 risks retracement to 1.6450/55.
Rate: +1.6360+
Strategy: +Target met+
Position: Short at 1.6410
Objective: 1.6360
Stop-Loss:
Resistance: 1.6432/1.6465/1.6500
Support: 1.6323/1.6274/1.6231
*****************************************************
Update Time: 06 Jul 2009 06:44GMT
INTRA-DAY EUR/JPY OUTLOOK - +132.80+
Euro's retreat after meeting renewed selling at
133.75 suggests recovery fm 132.96 (Asia) has ended
there n downside bias is seen for a resumption of
decline fm 136.90 to re-test said sup, then twd
132.40/50 b4 recovery due to loss of momentum.
Sell on minor pullback with stop as indicated n
only abv 133.75 risks correction twd 134.00/10...
Rate: +132.80+
Strategy: +Target met+
Position: +Short at 133.30+
Objective: 132.80
Stop-Loss:
Resistance: 133.75/134.05/134.58
Support: 132.37/131.41/130.73
*****************************************************
Update Time: 03 Jul 2009 11:25GMT
DAILY GBP/USD OUTLOOK - 1.6325
Despite present anticipated resumption of
recent fall to 1.6301, subsequent rebound suggests
a temp. low has possibly been made n retrace. to
1.6369 cannot be ruled out, however, reckon 1.6432
res shud cap upside.
Wud be prudent to exit short n look to sell
again on recovery. Below 1.6301 extends to 1.6265.
Rate: 1.6325
Strategy: Exit short
Position: Short at 1.6410
Objective:
Stop-Loss:
Resistance: 1.6369/1.6432/1.6546
Support: 1.6301/1.6265/1.6231
*****************************************************
Update Time: 03 Jul 2009 07:48GMT
INTRA-DAY GBP/USD OUTLOOK - +1.6360+
Cable's retreat after meeting selling at 1.6432
due to cross trading in sterling suggests correct-
ion fm y'day's low at 1.6323 has possibly ended n
below 1.6350/60 wud bring re-test of said sup but
break needed to extend decline fm 1.6745 to 1.6300.
Trade fm short side with stop now as indicated
n only abv 1.6432 risks retracement to 1.6450/55.
Rate: +1.6360+
Strategy: +Target met+
Position: Short at 1.6410
Objective: 1.6360
Stop-Loss:
Resistance: 1.6432/1.6465/1.6500
Support: 1.6323/1.6274/1.6231
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