Tuesday, 1 December 2009

INTRA-DAY EUR/JPY OUTLOOK - +130.70+

INTRA-DAY EUR/JPY OUTLOOK - +130.70+

Update Time: 01 Dec 2009 02:29GMT

INTRA-DAY EUR/JPY OUTLOOK - +130.70+

Euro's breach of minor res at 130.35 following

news of that BOJ will hold a press conference sug-

gests upside bias remains for a re-test of y'day's

high at 130.99 n abv wud confirm nr term rise fm

126.95 low has resumed wud extend to 131.20/30.

Buy at market with stop as indicated, below wud

prolong choppy trading n risk weakness to 129.80/90

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Rate: +130.70+

Strategy: +Target met+

Position: Long at 130.40

Objective: +130.70+

Stop-Loss:

Resistance: 130.63/130.99/131.51

Support: 129.84/129.35/129.00

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