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Update Time:     09 Jul 2009 05:05GMT
INTRA-DAY EUR/JPY OUTLOOK - 129.64

Although euro's rebound after meeting renewed
buying at 129.29 suggests consolidation with mild
upside bias is seen, only a breach of 130.03 (Asia)
wud signal the corrective upmove fm y'day's 127.00
low has resumed n extend gain twd 130.42 later.

Wud be prudent to exit long n stand aside. Below
129.29 wud risk stronger pullback twd 129.02...

   Rate:     129.64
   Strategy:     Exit long
   Position:     Long at 129.30
   Objective:     
   Stop-Loss:     
   Resistance:     130.03/130.42/131.00
   Support:     129.29/129.02/128.10
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Update Time:     09 Jul 2009 00:07GMT
INTRA-DAY USD/JPY OUTLOOK - 92.75

Although dlr has rebounded after intra-day brief
dip to 92.38, as price action fm 91.80 (o/n NY low)
is viewed as a retrace. of y'day's cross-inspired
selloff, reckon 93.00/10 wud limit upside n yield
another fall later today.

Wud be prudent to exit long n stand aside. Below
92.38 brings weakness to 92.00 but 91.80 shud hold.

   Rate:     92.75
   Strategy:     Exit long
   Position:     Long at 92.40
   Objective:     
   Stop-Loss:     
   Resistance:     92.94 / 93.28 / 93.85
   Support:     92.38 / 91.80 / 91.67
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Update Time:     08 Jul 2009 16:57GMT
INTRA-DAY EUR/JPY OUTLOOK - +127.90+

Although euro's selloff signals erratic decline
fm 139.26 has resumed, subsequent rebound fm 127.00
suggests choppy trading abv there is seen n gain to
128.00/10 can't be ruled out, however, reckon 128.
63/70 wud cap upside n yield retreat.

Buy for this move with stop as indicated, below
wud risk re-test of said sup...

   Rate:     +127.90+
   Strategy:     +Target met+
   Position:     +Long at 127.60+
   Objective:     +127.90+
   Stop-Loss:     
   Resistance:     128.63/129.49/130.00
   Support:     127.00/125.67/124.38
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Update Time:     08 Jul 2009 16:31GMT
WEEKLY AUD/USD OUTLOOK - +0.7800+

Despite A$'s initial rally to 0.8156, subsequent
broad-based decline in the commodity currencies sug
gests price wud gyrate inside recent broad range of
0.7790-0.8265 n downside bias remains for weakness
twd lower indicated lvl, break wud confirm MT rise
fm 0.6007 has made a top n yield 0.7610/20 later.

Exit previous long n turn short on recovery for
this move n only abv 0.8156 may signal an 'upside'
break has occured instead, risk re-test of 0.8265.

   Rate:     +0.7800+
   Strategy:     +Target met+
   Position:     +Short at 0.8000+
   Objective:     0.7800
   Stop-Loss:     
   Resistance:     0.8039/0.8156/0.8265
   Support:     0.7790/0.7714/0.7668
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Update Time:     08 Jul 2009 16:59GMT
DAILY USD/CAD OUTLOOK - +1.1700+

Despite usd's stronger-than-expected retreat
after faltering below 1.1685, this move look correc
tive n reckon 1.1590/00 wud hold, bring rebound.

Buy again for gain to 1.1700, stop as indicated.
Below 1.1575 wud risk retrace. to 1.1543...

   Rate:     +1.1700+
   Strategy:     +Target met+
   Position:     +Long at 1.1610+
   Objective:     1.1700
   Stop-Loss:     
   Resistance:     1.1685/1.1762/1.1815
   Support:     1.1586/1.1543/1.1438
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Update Time:     08 Jul 2009 15:22GMT
EUROPEAN CLOSING USD/JPY OUTLOOK - +93.50+

Present cross-inspired selloff below 93.85
confirms decline fm 101.45 has resumed n further
weakness to 93.45/50 wud be seen, however, nr term
o/sold condition shud limit downside to 93.12 n
bring a rebound later.

Sell at market with stop as indicated, break
wud risk gain to 94.46/48...

   Rate:     +93.50+
   Strategy:     +Target met+
   Position:     +Short at 93.85+
   Objective:     93.50
   Stop-Loss:     
   Resistance:     94.48 / 94.66 / 94.94
   Support:     93.12 / 92.98 / 92.58
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Update Time:     08 Jul 2009 15:21GMT
EUROPEAN CLOSING EUR/JPY OUTLOOK - +129.80+

Euro's breach of 130.42 sup signals erratic
decline fm 139.26 has resumed n further weakness to
130.00 n then twd 129.70 is envisaged, however, nr
term o/sold condition shud prevent steep fall below
there n risk has increased for a rebound.

Sell for this move with stop as indicated, abv
wud bring pullback to 130.85/90...

   Rate:     +129.80+
   Strategy:     +Target met+
   Position:     +Short at 130.35+
   Objective:     129.80
   Stop-Loss:     
   Resistance:     130.42/131.53/131.73
   Support:     129.70/129.47/128.90
**************************************************
Update Time:     08 Jul 2009 09:48GMT
INTRA-DAY EUR/USD OUTLOOK - 1.3932

Despite anticipated resumption of decline to
1.3860, euro's subsequent rebound fm there suggests
a minor low has been formed n consolidation is seen
with upside bias for correction to 1.3927/39 b4
prospect of a retreat.

Wud be prudent to exit long n stand aside ahead
of the release of German ind. prod. data...

   Rate:     1.3932
   Strategy:     Exit long
   Position:     Long at 1.3900
   Objective:     
   Stop-Loss:     
   Resistance:     1.3935/1.3973/1.3995
   Support:     1.3860/1.3826/1.3788
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Update Time:     08 Jul 2009 06:11GMT
INTRA-DAY EUR/JPY OUTLOOK - +130.65+

As euro has remained under pressure after intra-
day selloff to 130.96 (Asia), suggesting recent
decline is likely to extend to 130.60/65 but near
term loss of momentum shud limit downside to 130.30
n risk has increased for a corrective bounce later.

Trade fm short side with stop as indicated, abv
wud risk recovery twd 131.70/80 b4 down...

   Rate:     +130.65+
   Strategy:     +Target met+
   Position:     Short at 131.18
   Objective:     130.65
   Stop-Loss:     
   Resistance:     130.96/131.73/132.19
   Support:     130.20/129.70/129.47
**************************************************
Update Time:     08 Jul 2009 06:08GMT
INTRA-DAY GBP/USD OUTLOOK - +1.6050+

Despite intra-day recovery fm 1.6060 (Asia), as
cable has met renewed selling at 1.6110/14, suggest
ing decline fm last week's 1.6745 top has resumed n
below said sup wud extend weakness to 1.6020/30 b4
prospect of a correction due to loss of momentum.

Hold short with stop as indicated, abv suggests
temp. low is possibly made n risks 1.6130/40...

   Rate:     +1.6050+
   Strategy:     +Target met+
   Position:     Short at 1.6100
   Objective:     1.6050
   Stop-Loss:     
   Resistance:     1.6095/1.6117/1.6149
   Support:     1.6019/1.5985/1.5896
**************************************************
Update Time:     08 Jul 2009 06:07GMT
INTRA-DAY EUR/USD OUTLOOK - +1.3880+

Despite the recovery after intra-day selloff to
1.3881 (Asia), as euro has retreated after meeting
renewed selling at 1.3927, re-test of 1.3876/81 sup
area is seen but below there is needed to extend
decline fm last week's top at 1.4202 to 1.3850.

Hold short with stop as indicated, abv wud defer
n risk minor correction to 1.3960/70...

   Rate:     +1.3880+
   Strategy:     +Target met+
   Position:     Short at 1.3920
   Objective:     1.3880
   Stop-Loss:     
   Resistance:     1.3927/1.3973/1.3995
   Support:     1.3876/1.3850/1.3826
**************************************************
Update Time:     08 Jul 2009 00:35GMT
DAILY GBP/JPY CROSS OUTLOOK - +152.00+

Stg's breach of 153.08 signals erratic decline
fm 162.58 has resumed n weakness to 152.00 is seen
but reckon 151.49 wud hold due to loss of momentum.

Trade fm short side with stop now at break-even,
abv wud risk retracement twd 153.50/60 b4 down...

   Rate:     +152.00+
   Strategy:     +Target met+
   Position:     Short at 153.00
   Objective:     152.00
   Stop-Loss:     
   Resistance:     153.08/153.50/154.68
   Support:     151.49/150.55/149.60

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