Update Time: 22 Nov 2005 15:43GMT
GBP/JPY DAILY CROSS OUTLOOK - +203.50+
Y'day's strg retreat fm 205.08 signals recovery
fm 203.79 has ended, recent fall fm 208.17 top wud
resume for re-test of said sup n then 203.50.
Trade fm short side, stop as indicated, abv wud
prolong sideways trading n risk 205.08 again...
Rate: +203.50+
Strategy: +Target met+
Position: Short at 204.35
Objective: 203.50
Stop-Loss:
Resistance: 205.08/205.33/205.75
Support: 203.79/203.50/202.74
===================================
Update Time: 22 Nov 2005 16:00GMT
DAILY OUTLOOK ON USD/CAD - +1.1775+
Despite intra-day rebound, current retreat after
meeting renewed selling at 1.1858 has retained our
bearishness for recent fall to extend twd 1.1770.
Trade fm short side, stop abv there, break wud
signal low is made n risk recovery to 1.1907/10...
Rate: +1.1775+
Strategy: +Target met+
Position: Short at 1.1845
Objective: 1.1775
Stop-Loss:
Resistance: 1.1863/1.1930/1.1978
Support: 1.1802/1.1770/1.1715
===================================
Update Time: 22 Nov 2005 15:48GMT
EUROPEAN CLOSING GBP/USD OUTLOOK - +1.7130+
As cable has rebounded after intra-day selloff
to 1.7064, suggesting a temp. low has possibly been
formed n consolidation with mild upside bias wud be
seen but abv 1.7135/40 is needed to confirm n bring
retrace. to 1.7170/75.
Venture long on dips, stop below said sup, break
wud risk marginal weakness to 1.7030/35 b4 recovery
===================================
Update Time: 22 Nov 2005 19:18GMT
INTRA-DAY USD/JPY OUTLOOK - +118.85+
Current cross-inspired rebound suggests caution
on our intra-day short n 119.40/44 must hold for
prospect of another retreat, below 119.02 wud bring
retrace. of y'day's rise fm 118.55 to 118.85.
Trade fm short side n exit on such move, then
buy for day trade. Only abv 119.58 res wud indicate
recent upmove has resumed, 119.85/90...
Rate: +118.85+
Strategy: +Target met+
Position: Short at 119.20
Objective: 118.85
Stop-Loss:
Resistance: 119.58/119.81/120.00
Support: 118.84/118.55/118.47
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