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Update Time: 05 Feb 2010 01:06GMT
INTRA-DAY EUR/JPY OUTLOOK - +122.50+

Euro has stabilised after y'day's sharp selloff
to a nr one-year low of 121.57 in NY due to active
risk aversion n choppy sideways trading is seen in
Asia with a nr term neutral bias. Suggest to trade
on both sides of the market n sell for day trade.

Incline to buy dips to 121.80 for 122.30 n if
euro recovers to 122.95 1st, sell for 122.50.

   Rate:           +122.50+
   Strategy:      +Target met+
   Position:       +Short at 122.95+
   Objective:    +122.50+
   Stop-Loss: 
   Resistance:   123.20/123.69/124.38
   Support:       122.00/121.75/121.57
 
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Update Time: 04 Feb 2010 22:25GMT
INTRA-DAY EUR/USD OUTLOOK - 1.3725

Despite extending o/n losses to 1.3714, present
recovery suggests a minor low is possibly in place
n retrace. to 1.3770/72 can't be ruled out but 1.38
26 shud remain intact n bring resumption of recent
downtrend to 1.3700 later.

Wud be prudent to exit prev. short n sell euro
on subsequent rise.

   Rate:            1.3725
   Strategy:       Exit short
   Position:       Short at 1.3760
   Objective: 
   Stop-Loss: 
   Resistance:   1.3772/1.3826/1.3852
   Support:       1.3714/1.3644/1.3500
 
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Update Time: 04 Feb 2010 16:45GMT
WEEKLY NZD/USD OUTLOOK - +0.6860+

Last week's weakness shud pressure nzd n below
0.6972 wud confirm major rise fm 0.4895 has made a
top earlier at 0.7635, yield 0.6860, then 0.6782.

Lower short entry for this move, only abv 0.7171
wud risk stronger recovery to 0.7210/20 b4 down.

   Rate:          +0.6860+
   Strategy:     +Target met+
   Position:      +Short at 0.7060+
   Objective:    0.6860
   Stop-Loss: 
   Resistance:   0.7091/0.7139/0.7171
   Support:       0.6960/0.6893/0.6782
 
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