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Update Time:     13 Jul 2009 16:00GMT
EUROPEAN CLOSING USD/JPY OUTLOOK - +92.75+

Despite intra-day brief retreat fm 92.59, as
dlr has found buying interest at 92.13, further
consolidation abv 91.73 is seen with upside bias
for correction of recent decline to 92.75/80 n then
92.95 (Asian res).

Hold long with stop as indicated, below wud
abort n may risk re-test of 91.73...

   Rate:     +92.75+
   Strategy:     +Target met+
   Position:     Long at 92.25
   Objective:     92.75
   Stop-Loss:     
   Resistance:     92.95 / 93.19 / 93.60
   Support:     92.13 / 91.73 / 91.30
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Update Time:     13 Jul 2009 15:46GMT
EUROPEAN CLOSING GBP/USD OUTLOOK - +1.6180+

Despite intra-day retreat fm 1.6145, as cable
has found buying interest at 1.6083, further conso-
lidation abv 1.6033 is seen with mild upside bias
for correction to 1.6180/90, however, 1.6229 res
shud hold n yield retreat later.

Buy sterling at market for st trade with stop as
indicated, below wud risk weakness to 1.6083/84.

   Rate:     +1.6180+
   Strategy:     +Target met+
   Position:     +Long at 1.6132+
   Objective:     1.6180
   Stop-Loss:     
   Resistance:     1.6229/1.6253/1.6329
   Support:     1.6083/1.6033/1.5983
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Update Time:     13 Jul 2009 12:38GMT
INTRA-DAY USD/JPY OUTLOOK - +92.45+

Despite cross-inspired brief fall to 91.73,
dlr's subsequent rebound suggests an intra-day low
has been formed there n consolidation with upside
bias is seen for a correction twd 92.53, however,
break is needed to extend to 92.70 n then 92.95.

Buy on dips with stop as indicated n only below
91.73 wud risk one more fall to 91.40/50...

   Rate:     +92.45+
   Strategy:     +Target met+
   Position:     +Long at 92.05+
   Objective:     92.45
   Stop-Loss:     
   Resistance:     92.53 / 92.95 / 93.19
   Support:     91.73 / 91.30 / 90.87
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Update Time:     13 Jul 2009 10:45GMT
INTRA-DAY USD/CHF OUTLOOK - +1.0815+

As dlr has penetrated indicated sup at 1.0833,
retaining downside bias for the near term decline
fm 1.0924 to extend to 1.0810/15 n possibly 1.0790,
however, broad outlook is consolidative n reckon
1.0751 wud hold on 1st testing.

Trade fm short side with stop now at break-even,
abv wud risk possible re-test of 1.0890...

   Rate:     +1.0815+
   Strategy:     +Target met+
   Position:     Short at 1.0860
   Objective:     1.0815
   Stop-Loss:     
   Resistance:     1.0890/1.0924/1.0956
   Support:     1.0800/1.0780/1.0751

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