*Last Updated December 4, 2005, 3:59 pm

Daily report by Acetrader

Website: http://ww.acetrader.com

Email: query@acetrader.com

PREVIOUS DAYS' RECOMMENDED TRADES

INTRA-DAY GBP/USD OUTLOOK - +1.7375+

Update Time: 02 Dec 2005 13:57GMT

As intra-day rebound fm 1.7249 has gathered mo mentum, suggesting this week's rise fm 1.7047 has resumed n further gain to 1.7375 is now envisaged but reckon 1.7400 wud hold fm here.

Buy again with stop as indicated, only below 1.7290/95 wud signal intra-day top has been formed n bring another fall to 1.7249...

Rate: +1.7375+
Strategy: +Target met+
Position: +Long at 1.7334+
Objective: 1.7375
Stop-Loss:
Resistance: 1.7350/1.7399/1.7421
Support: 1.7249/1.7220/1.7185

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INTRA-DAY EUR/USD OUTLOOK - +1.1740+

Update Time: 02 Dec 2005 13:55GMT

Euro's rebound after trading abv 1.1681 sup sug gests further consolidation wud be seen with upside bias for gain to indicated obj. but abv res at 1.18 05 is needed to retain bullishness for subsequent rise twds 1.1825/30.

Buy with stop as indicated, only below said sup wud yield resumption of downtrend, 1.1660/65 1st...

Rate: +1.1740+
Strategy: +Target met+
Position: +Long at 1.1702+
Objective: 1.1740
Stop-Loss:
Resistance: 1.1754/1.1805/1.1836
Support: 1.1681/1.1640/1.1593

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GBP/JPY DAILY CROSS OUTLOOK - +209.20+

Update Time: 02 Dec 2005 13:50GMT

Despite stg's retreat after y'day's rally to 209. 02, as long as 208.25 holds, bullishness remains for uptrend to resume n extend gain to 209.20/30.

Trade fm long side, stop as indicated, below wud signal a temp. top is made n risk 207.45/59...

Rate: +209.20+
Strategy: +Target met+
Position: Long at 208.40
Objective: 209.20
Stop-Loss:
Resistance: 209.02/209.75/210.30
Support: 208.17/207.45/207.11
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