Recent Recommended Trades
International Trading
Update Time: 18 Aug 2010 01:05GMT
DAILY GBP/USD OUTLOOK - 1.5555
low to 1.5543, unless cable is able to penetrate
Mon's low at 1.5535, then further 'choppy' trading
with mild upside bias is seen for a recovery back
to 1.5583/88 but 1.5629 shud cap upside.
needed to extend recent fall fm 1.5999 twd 1.5500.
Strategy: Exit short
Position: Short at 1.5635
Objective:
Stop-Loss:
Resistance: 1.5583/1.5609/1.5645
Support: 1.5535/1.5515/1.5473
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Update Time: 17 Aug 2010 08:27GMT
INTRA-DAY EUR/JPY OUTLOOK - +109.95+
109.39 has retained our bullishness n upside bias
remains for intra-day rise fm 109.07 (Asia) to re-
trace recent decline to extend to 109.85/95 but nr
term loss of momentum shud cap price below 110.28.
longs choppy trading but 109.07 shud remain intact.
Strategy: +Target met+
Position: Long at 109.55
Objective: 109.95
Stop-Loss:
Resistance: 109.85/110.28/110.52
Support: 109.39/109.07/108.83
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Update Time: 17 Aug 2010 08:12GMT
INTRA-DAY EUR/USD OUTLOOK - +1.2880+
suggests the pullback fm y'day's high at 1.2872 has
possibly ended there n consolidation with upside
bias wud be seen, abv 1.2872 wud extend euro's nr
term upmove fm 1.2734 twd 1.2890/00 later today.
1.2805 sup may risk 1.2777/82 b4 up.
Strategy: +Target met+
Position: +Long at 1.2845+
Objective: +1.2880+
Stop-Loss:
Resistance: 1.2890/1.2906/1.2933
Support: 1.2825/1.2805/1.2777
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