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Update Time: 26 Feb 2010 17:01GMT
DAILY USD/JPY OUTLOOK - 88.89

Y'day's cross-inspired selloff to 88.80 signals
erratic fall fm 2010 high of 93.78 remains in force
to retrace MT rise fm 84.82 n re-test of 88.55 n
then 88.24 (61.8% r) is now envisaged, o/sold condi
tion shud keep dlr abv 88.00/10 today.

Wud be prudent to exit short n look to sell
again on recovery next week as 89.51 wud cap upside

   Rate:            88.89
   Strategy:       Exit short
   Position:       Short at 89.50
   Objective: 
   Stop-Loss: 
   Resistance:    89.51/89.76/90.36
   Support:        88.55/88.24/87.90
 
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Update Time: 26 Feb 2010 18:11GMT
EUROPEAN CLOSING GBP/USD OUTLOOK - +1.5230+

Despite cable's resumption of MT downtrend fm
last year's high of 1.7044 to 1.5152 in U.S. morn-
ing, subsequent strg rebound signals a temp. low is
made n consolidation with upside bias is seen for
a minor retrace. to 1.5273 n then 1.5320/24 later.

Turn long on dips with stop as indicated,
break wud bring one more fall to 1.5135...

   Rate:             +1.5230+
   Strategy:       +Target met+
   Position:       +Long at 1.5200+
   Objective:     +1.5230+
   Stop-Loss: 
   Resistance:    1.5247/1.5273/1.5324
   Support:        1.5152/1.5135/1.5104
 
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Update Time: 26 Feb 2010 15:02GMT
DAILY GBP/USD OUTLOOK - +1.5155+

Cable's selloff below y'day's 8-month low of
1.5187 signals MT downtrend fm last year's 1.7044
top has once again resumed n further weakness to
1.5150/60 wud be seen, however, o/sold condition
is likely to keep cable abv 1.5100/05 today.

Hold short for this move with stop as indicat-
ed n only abv 1.5273 wud signal low is made, 1.5324

   Rate:            +1.5155+
   Strategy:      +Target met+
   Position:       Short at 1.5275
   Objective:     1.5155
   Stop-Loss: 
   Resistance:    1.5247/1.5324/1.5345
   Support:       1.5158/1.5104/1.5035

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