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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY


USD/JPY : 92.60

Last Update At 29 Mar 2010 06:53 GMT

Dlr's rebound fm 92.04 (NZ) to 92.79 on cross
selling in yen suggests pullback fm 92.96 has possibly ended there n consolidation with mild upside bias wud be seen, however, abv 92.91/96 needed to confirm recent upmove has resumed, 93.15/20 later.


Stand aside for now n sell on next rise for day
trade. Below 92.50 wud signal recovery over, 92.30.


Range Forecast
92.55 / 92.85

Resistance/Support
R: 92.90/92.96/93.22
S: 92.30/92.04/91.76

http://www.acetraderfx.com

Market Review - 27/03/2010 02:10GMT
Euro rises on endorsement of Greek aid plan by ECB's Trichet


The single currency rallied across the board on Friday after euro-zone leaders agreed on a financial aid package for Greece, however, uncertainties still remained over the country's ability to pay back debt in the future.

The euro initially edged higher versus the greenback after buying interest right at Thursday's New York low of 1.3267 lifted price in Australia. Traders bought euro just before Asian opening on comments by ECB's president Trichet at a late Thursday's news conference in Europe, he denied criticising the inclusion of IMF finance in any rescue package and said he was 'extraordinarily ...

Forex signal: Gbp/usd - 1.4877 ... http://www.acetraderfx.com Despite y'day's selloff to 1.4798, the British Pound continued to move higher on active short-covering n price subsequently rallied to 1.4894. Bids are located at 1.4850/55, 1.4810/20 with stops building up below 1.4790 n 1.4780. On the upside, offers are tipped at 1.4905/10, 1.4940/50 n 1.4990/95.

INTRA-DAY GBP/USD: 1.4870

Last Update At 26 Mar 2010 06:15 GMT

Cable has finally retreated after intra-day rise
to 1.4894 in Asian morning, as this move signals
recent erratic decline has made a temp. low y'day at 1.4798, consolidation with mild upside bias remains but abv 1.4913 needed to extend twd 1.4955.

Hold long for this move, stop as indicated n
only below 1.4820/23 wud risk re-test of 1.4798.


Range Forecast
1.4855 / 1.4885

Resistance/Support
R: 1.4894/1.4912/1.4955
S: 1.4854/1.4823/1.4798

http://www.acetraderfx.com