Monday January 31, 2005 - 02:58:24 GMT
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USD/JPY DAILY OUTLOOK
USD/JPY DAILY OUTLOOK
Mon, 31 Jan 2005 02:47:09GMT
USD/JPY - 103.67
Last Update At 30 Jan 2005 23:05
Despite Friday's strg rebound fm 102.37 to 103. 77, as broad outlook remains consolidative, reckon upside wud be ltd to 104.00 n yield retreat later, below 102.98 wud add credence to this view for weak ness to indicated obj. but 102.37 sup shud hold.
INTRA-DAY EUR/USD OUTLOOK
Last Update At : 27 Jan 2005 22:57
Despite staging a rebound after Friday's brief but sharp fall fm 1.3080 to 1.2985, euro is expected to 'gyrate' inside this range in Asia n although mild upside bias is likely initially, renewed sell- ing wud emerge well below upper indicated range.
Incline to buy dips for 1.3035 n if euro rises to 1.3060, sell for pullback to 1.3020/25...
Strategy / Entry Level: 1.Buy @ 1.3000 or 2.Sell @ 1.3060
Objective: 1)1.3035 or 2)1.3025
Stop-Loss: 25 points
Range Forecast: 1.3005 / 1.3035
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