*Last Updated January 12, 2006, 2:40 am

Daily report by Acetrader

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RECENT RECOMMENDED TRADES

INTRA-DAY EUR/USD OUTLOOK - +1.2115+

Update Time: 11 Jan 2006 14:52GMT

Euro's intra-day rally fm 1.2045 suggests upside bias remains for gain twd 1.2120/25, however, abv is needed to confirm correction fm 1.2185 has ended n yield further rise to 1.2156.

Buy on dips with stop as indicated, only below 1.2036 wud risk weakness twd 1.2006 b4 prospect of stronger rebound due to loss of nr term momentum...

Rate: +1.2115+
Strategy: +Target met+
Position: +Long at 1.2082+
Objective: 1.2115
Stop-Loss:
Resistance: 1.2110/1.2156/1.2185
Support: 1.2036/1.2006/1.1982

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INTRA-DAY GBP/USD OUTLOOK - +1.7600+

Update Time: 11 Jan 2006 14:36GMT

Cable's rebound fm 1.7520 suggests intra-day low is possibly made n gain to 1.7598 is seen but abv is needed to confirm n yield subsequent gain to 1.7627 but 1.7647 is likely to hold on 1st testing.

Buy on dips with stop below there, below wud risk marginal weakness but 1.7487 sup shud remain intact due to loss of nr term momentum...

Rate: +1.7600+
Strategy: +Target met+
Position: +Long at 1.7565+
Objective: 1.7600
Stop-Loss:
Resistance: 1.7627/1.7647/1.7677
Support: 1.7512/1.7487/1.7431

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DAILY EUR/GBP CROSS OUTLOOK - +0.6865+

Update Time: 11 Jan 2006 09:31GMT

As 0.6826 has contained recent weakness, a day of consolidation with mild upside bias is seen for a minor retrace. of early fall fm 0.6910 but reckon 0.6875/80 wud cap upside n yield retreat.

Trade fm long side in anticipation of such move with stop initially as indicated, break there wud risk one more decline twd 0.6785 b4 rebound occurs.

Rate: +0.6865+
Strategy: +Target met+
Position: Long at 0.6832
Objective: 0.6865
Stop-Loss:
Resistance: 0.6850/0.6869/0.6878
Support: 0.6826/0.6809/0.6785

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WEEKLY OUTLOOK ON GBP/JPY - +201.20+

Update Time: 11 Jan 2006 10:35GMT

Last week's selloff suggests correction fm 201.18 has ended at 204.79 n re-test of said sup is seen, below wud extend decline fm 213.01 to 200.40/50.

Sell on recovery with stop abv 203.00, break wud 'prolong' consolidation n risk gain to 204.00/10...

Rate: +201.20+
Strategy: +Target met+
Position: +Short at 202.30+
Objective: 201.20
Stop-Loss:
Resistance: 203.00/203.83/204.79
Support: 201.18/200.43/199.44

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GBP/JPY DAILY CROSS OUTLOOK - +201.30+

Update Time: 11 Jan 2006 10:08GMT

Stg's retreat fm 202.35 suggests weakness twds indicated obj. wud be seen n break of 201.18/20 wud confirm recent decline has resumed, 200.43/50.

Trade fm short side, stop as indicated, only abv 202.63 wud abort n risk correction to 203.00/10...

Rate: +201.30+
Strategy: +Target met+
Position: Short at 202.20
Objective: 201.30
Stop-Loss:
Resistance: 202.35/202.63/203.00
Support: 201.18/200.43/199.44

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