AceTrader 1-wk TRIAL
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Update Time: 31 Aug 2010 18:56GMT
INTRA-DAY EUR/JPY OUTLOOK - +106.50+
Although euro's strg rebound fm 106.16 suggests
an intra-day low has possibly been formed there,
subsequent retreat fm 107.78 suggests consolidation
is seen n weakness to 106.50 is likely, however,
reckon 106.16 wud contain downside.
Turn short on pullback with stop as indicated,
break wud prolong choppy trading n risk 107.45/50.
Rate: +106.50+
Strategy: +Target met+
Position: +Short at 106.80+
Objective: +106.50+
Stop-Loss:
Resistance: 107.00/107.78/108.19
Support: 106.57/106.16/105.44
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Update Time: 31 Aug 2010 14:59GMT
EUROPEAN CLOSING USD/JPY OUTLOOK - +84.10+
Despite dlr's brief bounce fm 84.06 to 84.61 on
cross-unwinding, current retreat suggests recovery
has possibly ended there n consolidation with down-
side bias wud be seen for weakness to 84.04/06,
below wud extend fall fm 85.91 to 83.91.
Hold short with stop as indicated, break wud
risk stronger retrace. to 84.82/89.
Rate: +84.10+
Strategy: +Target met+
Position: Short at 84.50
Objective: +84.10+
Stop-Loss:
Resistance: 84.66 / 84.89 / 85.15
Support: 84.04 / 83.91 / 83.58
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Update Time: 31 Aug 2010 13:04GMT
INTRA-DAY EUR/JPY OUTLOOK - +107.45+
Despite intra-day selloff to 106.16, subsequent
rally abv 107.02 confirms y'day's fall fm 109.56
has made a low there n further choppy trading abv
last week's 9-year low of 105.44 wud continue with
upside bias but reckon 107.81/86 wud cap upmove.
Turn long on dips for 107.45 n only below 106.57
signals rebound is over, risks re-test of 106.16.
Rate: +107.45+
Strategy: +Target met+
Position: +Long at 107.05+
Objective: 107.45
Stop-Loss:
Resistance: 107.46/107.77/108.15
Support: 106.81/106.57/106.16
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