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Update Time:     31 Aug 2009 14:59GMT
EUROPEAN CLOSING USD/JPY OUTLOOK - 92.75

Despite intra-day selloff fm 93.32, below 92.54
(Asia) is needed to confirm recent decline has
resumed n bring further weakness to 92.20/30, other
wise, risk is seen for a recovery b4 prospect of
another fall later.

Exit intra-day short n look to sell again on
pullback as aforesaid res at 93.32 shud cap upside.

   Rate:     92.75
   Strategy:     Exit short
   Position:     Short at 93.05
   Objective:     
   Stop-Loss:     
   Resistance:     92.91/93.32/93.55
   Support:     92.54/92.37/91.73
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Update Time:     31 Aug 2009 07:04GMT
DAILY AUD/USD OUTLOOK - 0.8372

Intra-day anticipated selloff fm 0.8444 sug-
gests further choppy trading below this year's top
of 0.8479 wud continue n downside bias remains for
weakness to 0.8350/59, however, sup at 0.8292 shud
contain decline n yield rebound later.

Wud be prudent to take profit on present fall
n look to sell again on recovery as 0.8479 wud hold

   Rate:     0.8372
   Strategy:     Exit short
   Position:     Short at 0.8435
   Objective:     
   Stop-Loss:     
   Resistance:     0.8444/0.8479/0.8520
   Support:     0.8359/0.8292/0.8239
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Update Time:     31 Aug 2009 06:54GMT
INTRA-DAY AUD/USD OUTLOOK - 0.8372

Although aussie's anticipated weakness suggests
decline fm 0.8471 to retrace upmove fm 0.8156 may
extend marginally, loss of momentum shud limit down
side to 0.8340/50 n risk fm there has increased for
a corrective bounce later.

Wud be prudent to exit short n stand aside. Only
abv 0.8400/05 wud abort daily bearishness...

   Rate:     0.8372
   Strategy:     Exit short
   Position:     Short at 0.8405
   Objective:     
   Stop-Loss:     
   Resistance:     0.8395/0.8444/0.8479
   Support:     0.8359/0.8292/0.8239
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Update Time:     31 Aug 2009 06:34GMT
DAILY GBP/USD OUTLOOK - 1.6188

Intra-day anticipated selloff fm 1.6301 sug-
gests correction fm 1.6153 has possibly ended at
1.6382 Friday, consolidation with downside bias is
seen but below said sup needed to confirm fall fm
1.7044 has resumed n extend weakness to 1.6100.

Wud be prudent to take profit on present fall n
look to sell again on recovery as 1.6382 wud hold..

   Rate:     1.6188
   Strategy:     Exit short
   Position:     Short at 1.6280
   Objective:     
   Stop-Loss:     
   Resistance:     1.6301/1.6382/1.6446
   Support:     1.6182/1.6153/1.6100
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Update Time:     31 Aug 2009 04:35GMT
INTRA-DAY EUR/USD OUTLOOK - 1.4280

Lack of strg follow through selling below last
Friday's sup at 1.4281 suggests risk is seen for
another bounce to 1.4310/14, however, reckon 1.4325
shud cap upside n yield resumption of decline fm
last week's high of 1.4407 to 1.4257 later.

Wud be prudent to exit short n sell again on
recovery as minor res at 1.4353 shud remain intact.

   Rate:     1.4280
   Strategy:     Exit short n sell at 1.4310
   Position:     Short at 1.4310
   Objective:     1.4260
   Stop-Loss:     1.4330
   Resistance:     1.4325/1.4389/1.4407
   Support:     1.4277/1.4257/1.4205
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Update Time:     31 Aug 2009 02:59GMT
INTRA-DAY AUD/USD OUTLOOK - 0.8403

As aussie has retreated after meeting renewed
selling at 0.8444, suggesting corrective fall fm
Friday's high at 0.8471 has resumed, weakness twd
0.8379 is seen but break is needed to yield strong-
er retracement twd 0.8320/30 later.

Wud be prudent to exit short n look to sell again
on recovery as 0.8244 res shud remain intact...

   Rate:     0.8403
   Strategy:     Exit short
   Position:     Short at 0.8435
   Objective:     
   Stop-Loss:     
   Resistance:     0.8444/0.8479/0.8520
   Support:     0.8379/0.8359/0.8292
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Update Time:     31 Aug 2009 02:29GMT
INTRA-DAY EUR/GBP OUTLOOK - 0.8803

Despite euro's anticipated rebound fm 0.8780 to
0.8809, only abv 0.8824 wud signal correction fm
last week's 0.8839 high has ended earlier at 0.8775
n yield subsequent re-test of said res, otherwise,
choppy trading is in store.

Wud be prudent to exit intra-day low n look to
buy again dips on as 0.8775 shud continue to hold.

   Rate:     0.8803
   Strategy:     Exit long
   Position:     Long at 0.8780
   Objective:     
   Stop-Loss:     
   Resistance:     0.8824/0.8839/0.8867
   Support:     0.8775/0.8762/0.8743
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Update Time:     31 Aug 2009 01:17GMT
INTRA-DAY USD/JPY OUTLOOK - 92.60

Present anticipated selloff on active cross
buying in jpy due to the landslide DPJ victory
suggests further weakness to 92.37 is likely, how-
ever, o/sold condition shud prevent steep fall fm
there n reckon 92.00 wud hold, yield rebound later.

Wud be prudent to exit short n look to sell
again on subsequent recovery as 93.20 wud hold...

   Rate:     92.60
   Strategy:     Exit short
   Position:     Short at 92.90
   Objective:     
   Stop-Loss:     
   Resistance:     93.20/93.52/94.08
   Support:     92.52/92.37/91.73
******************************************************
Update Time:     31 Aug 2009 00:35GMT
INTRA-DAY USD/JPY OUTLOOK - +93.15+

Anticipated victory by Japan's opposition party
DPJ in Sunday's lower-house parliamentary elections
shud keep yen firm vs other ccy n re-test of 93.20
sup is seen, below wud extend recent decline to 92.
90 but reckon 92.50/55 wud hold in Asia.

Sell dlr on recovery as only abv Friday's high
at 94.08 wud risk stronger retracement to 94.55/65.

   Rate:     +93.15+
   Strategy:     +Target met+
   Position:     +Short at 93.50+
   Objective:     +93.15+
   Stop-Loss:     
   Resistance:     93.55/94.08/94.30
   Support:     92.90/92.52/92.00

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