DAILY USD/JPY OUTLOOK - 75.95
Despite dlr\\\\\\\'s anticipated resumption of LT down
trend to a fresh record low at 75.72 (1 tick below
y\\\\\\\'day\\\\\\\'s low of 75.73), current recovery suggests
consolidation wud be seen n abv 76.31 wud bring a
minor retrace. to 76.60 but 77.10 res wud hold.
Wud be prudent to exit short n stand aside for
now. Below 75.72 wud extend weakness to 75.33.
Rate: 75.95
Strategy: Exit short
Position: Short at 76.40
Objective:
Stop-Loss:
Resistance: 76.31 / 76.60 / 77.10
Support: 75.72 / 75.33 / 75.00
DAILY USD/CAD OUTLOOK - +1.0110+
Although usd has extended recent fall fm 1.0658
to 0.9990, current rebound suggests a temp. low has
been made n abv 1.0044 confirms, 1.0095 n 1.0132.
Turn cautious buyer with stop below said sup as
break wud abort n risk one more decline to 0.9943.
Rate: +1.0110+
Strategy: +Target met+
Position: +Long at 1.0010+
Objective: 1.0110
Stop-Loss:
Resistance: 1.0132/1.0188/1.0264
Support: 0.9990/0.9943/0.9885