Tuesday February 1, 2005 - 02:14:25 GMT
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USD/JPY DAILY OUTLOOK
USD/JPY DAILY OUTLOOK
Tue, 01 Feb 2005 02:07:32GMT
USD/JPY - 103.65
Last Update At 30 Jan 2005 23:05
Although cross-selling in yen has supported dlr, if our broad consolidative view is correct, upside shud be ltd to 104.00 n yield retreat later, below 103.30/33 wud bring weakness to indicated obj. but Friday's low at 102.37 wud hold.
INTRA-DAY USD/CHF OUTLOOK
Last Update At : 31 Jan 2005 23:26
As 1.1861 has contained y'day's selloff fm 1.19 44, initial sideways trading is seen in Asia, how- ever, upside shud be ltd to 1.1900 n yield subsequent weakness to 1.1845/50, however, as broad out- look is consolidative, sup at 1.1817/21 wud hold.
Sell on recovery, stop 1.1920, break wud risk gain twd 1.1944 b4 prospect of another fall...
Strategy / Entry Level: Sell at 1.1890
Range Forecast: 1.1860 / 1.1890
Yesterday's Recommended Trades
INTRA-DAY GBP/USD OUTLOOK - +1.8865+
Update Time : 2005/01/31 12:38GMT
Cable's rebound after failing to penetrate sup at 1.8785 signals an intra-day low is in place n consolidation with upside bias is seen for further
gain to indicated obj. but reckon 1.8889/91 res wud hold n yield retreat.
+Hold long+ with stop as indicated, below wud extend decline fm 1.8930 to 1.8770/75 b4 rebound...
Strategy: +Target met+
Position: +Long at 1.8830+
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