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Update Time:     23 Aug 2009 23:41GMT
INTRA-DAY USD/JPY OUTLOOK - +94.65+

Friday's rally fm 93.42 to 94.72 in NY session
confirms recent decline has made a low there n as
94.10 (Aust.) has lifted dlr this morning, upside
bias is seen for correction twd 94.97 n possibly
95.30 b4 prospect of a retreat.

Hold long with stop now at break-even n only
below 94.10 wud abort n risk weakness to 93.80/90.

   Rate:     +94.65+
   Strategy:     +Target met+
   Position:     Long at 94.25
   Objective:     94.65
   Stop-Loss:     
   Resistance:     94.72/95.30/95.80
   Support:     94.10/93.66/93.42
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Update Time:     21 Aug 2009 17:38GMT
INTRA-DAY AUD/USD OUTLOOK - +0.8330+

Dlr's present broad-based strg rebound suggests
intra-day upmove has possibly made a top at 0.8396
n firm break of 0.8330/34 wud confirm recent 'erra-
tic' rise fm 0.8156 has at least made a temp. high,
yield retrace. of this move to 0.8300, 0.8260/70.

Turn cautious seller on recovery n only abv said
res wud risk marginal gain to 0.8415/20 b4 down.

   Rate:     +0.8330+
   Strategy:     +Target met+
   Position:     +Short at 0.8370+
   Objective:     0.8330
   Stop-Loss:     
   Resistance:     0.8396/0.8445/0.8500
   Support:     0.8306/0.8260/0.8216
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Update Time:     21 Aug 2009 14:06GMT
INTRA-DAY USD/JPY OUTLOOK - +94.05+

Despite early marginal weakness to 93.42, sub-
sequent rebound after the release of better-than-
expected U.S. home sales data n Bernanke's comments
on economy suggest an intra-day low has possibly
been made there n a rebound twds 94.07 is seen.

Buy at market with stop as indicated, break
wud bring one more fall to 93.09/10...

   Rate:     +94.05+
   Strategy:     +Target met+
   Position:     +Long at 93.69+
   Objective:     94.05
   Stop-Loss:     
   Resistance:     94.07/94.30/94.56
   Support:     93.09/92.72/92.13
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Update Time:     21 Aug 2009 14:03GMT
INTRA-DAY EUR/USD OUTLOOK - +1.4360+

Although euro has finally eased after intra-day
rally to 1.4353 n minor consolidation is now envisa
ged, the early break of 1.4328 res suggests recent
correction fm 1.4448 has ended, nr term upside bias
remains for gain to 1.4360 but 1.4400 shud hold.

Buy on dips with stop as indicated n only below
1.4277 (prev. res) wud confirm top made, 1.4240/50.

   Rate:     +1.4360+
   Strategy:     +Target met+
   Position:     +Long at 1.4320+
   Objective:     1.4360
   Stop-Loss:     
   Resistance:     1.4353/1.4371/1.4415
   Support:     1.4307/1.4277/1.4200
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Update Time:     21 Aug 2009 07:45GMT
INTRA-DAY GBP/USD OUTLOOK - +1.6510+

Cable's intra-day strg rebound fm 1.6419 signals
the decline fm y'day's high at 1.6611 has indeed
made a temp. low n choppy consolidation with upside
bias remains for gain to 1.6510 but reckon 1.6525
(NY high) wud cap present upmove n yield retreat.

Buy again on dips for this move n take profit on
subsequent rise.

   Rate:     +1.6510+
   Strategy:     +Target met+
   Position:     +Long at 1.6470+
   Objective:     1.6510
   Stop-Loss:     
   Resistance:     1.6525/1.6570/1.6611
   Support:     1.6451/1.6419/1.6375
*****************************************************
Update Time:     21 Aug 2009 07:00GMT
INTRA-DAY GBP/USD OUTLOOK - 1.6472

Despite intra-day anticipated rebound fm 1.6419,
as cable has eased after meeting minor selling
around 1.6485/86, risk is seen for weakness to
1.6445/50 but only below said sup wud signal the
decline fm y'day's 1.6611 high has resumed, 1.6375.

Exit intra-day long n stand aside. Abv 1.6486
wud extend gain to 1.6510/20 b4 down.

   Rate:     1.6472
   Strategy:     Exit long
   Position:     Long at 1.6440
   Objective:     
   Stop-Loss:     
   Resistance:     1.6497/1.6525/1.6570
   Support:     1.6419/1.6375/1.6328
*****************************************************
Update Time:     21 Aug 2009 05:08GMT
DAILY GBP/USD OUTLOOK - +1.6420+

Y'day's cross-inspired selloff after a brief
rise to 1.6611 signals corrective upmove fm this
week's low at 1.6275 low has formed a top there n
downside bias remains for a strg retracement to
1.6420 but reckon previous sup at 1.6375 wud hold.

Trade fm short side, stop as indicated n only
abv 1.6611 wud risk one more rise twd 1.6650/60.

   Rate:     +1.6420+
   Strategy:     +Target met+
   Position:     Short at 1.6516
   Objective:     1.6420
   Stop-Loss:     
   Resistance:     1.6451/1.6525/1.6611
   Support:     1.6375/1.6328/1.6275
*****************************************************
Update Time:     21 Aug 2009 05:02GMT
DAILY GBP/JPY CROSS OUTLOOK - +153.70+

Sterling's breach of 154.58 signals early rise
fm 153.68 has ended y'day at 156.73 n below said
sup wud signal decline resumes, 153.48 n 152.50/60.

Sell at market with stop as indicated, abv wud
prolong choppy trading n risk rebound to 155.50/60.

   Rate:     +153.70+
   Strategy:     +Target met+
   Position:     +Short at 154.55+
   Objective:     153.70
   Stop-Loss:     
   Resistance:     154.58/155.93/156.73
   Support:     153.48/152.34/151.05
*****************************************************
Update Time:     21 Aug 2009 02:00GMT
INTRA-DAY AUD/USD OUTLOOK - +0.8270+

As aussie has rebounded after y'day's retreat
fm 0.8334 to 0.8270, caution is advised on our
short n said res must hold for prospect of another
fall, below 0.8269/70 wud bring retracement of near
term rise fm 0.8156 to 0.8220/30.

Trade fm short side with stop abv there, break
wud abort n risk further gain twd 0.8360/70.

   Rate:     +0.8270+
   Strategy:     +Target met+
   Position:     Short at 0.8315
   Objective:     0.8270
   Stop-Loss:     
   Resistance:     0.8334/0.8356/0.8396
   Support:     0.8244/0.8175/0.8156
*****************************************************
Update Time:     21 Aug 2009 01:14GMT
INTRA-DAY EUR/GBP OUTLOOK - +0.8645+

Euro has traded with a firm undertone after
y'day's rally to 0.8643 n as long as minor sup at
0.8617 holds, upside bias remains for a re-test of
last week's high at 0.8655, abv there wud extend
the erratic rise fm 0.8454 to 0.8665/70 later.

Trade fm long side with stop now as indicated,
below wud defer n risk pullback to 0.8590/00.

   Rate:     +0.8645+
   Strategy:     +Target met+
   Position:     Long at 0.8620
   Objective:     0.8645
   Stop-Loss:     
   Resistance:     0.8655/0.8692/0.8730
   Support:     0.8617/0.8573/0.8547

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