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INTRA-DAY USD/JPY:

Last Update At 17 Jan 2011 02:33 GMT

Range Forecast
82.80 / 83.05

Resistance/Support
R: 83.08 / 83.15 / 83.50
S: 82.51 / 82.40 / 82.28

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INTRA-DAY EUR/USD:

Last Update At 17 Jan 2011 02:38 GMT

Range Forecast
1.3320 / 1.3350

Resistance/Support
R: 1.3385/1.3416/1.3435
S: 1.3314/1.3268/1.3210

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INTRA-DAY USD/CHF:

Last Update At 17 Jan 2011 02:42 GMT

Range Forecast
0.9635 / 0.9665

Resistance/Support
R: 0.9687/0.9700/0.9717
...

Market Review - 14/01/2011 19:42 GMT

Euro pares gains on profit-taking after rising to one-month high vs dollar

The single currency climbed above $1.3400 level against the dollar on Friday as traders bought euro aggressively on short-covering. Euro rose approximately 3.6% against the dollar this week as price was supported by a series of successful debt auctions by indebted eurozone countries together with ECB chief Trichet's concerns over inflation on Thursday.

Euro initially hit a one-month high of 1.3458 in European morning on Friday, however, price retreated sharply from there on profit-taking and later weakened to 1.3314 in NY session before staging a recovery.

In other ...

INTRA-DAY GBP/USD: 1.5830

Last Update At 14 Jan 2011 10:02 GMT

Althouh cable has rebounded after release of
higher-than-expected U.K. PPI, abv 1.5867 (Asia) is needed to confirm pullback fm y'day's 1.5885 high has ended at 1.5816 n yield re-test of said res, then marginal gain twd daily obj. at 1.5911 later.

Hold long, stop now at breakeven n only below
1.5816 signals temp. top is made, risks 1.5780/84.

Range Forecast
1.5835 / 1.5865

Resistance/Support
R: 1.5867/1.5885/1.5911
S: 1.5816/1.5780/1.5719

http://www.acetraderfx.com

Update Time: 14 Jan 2011 05:18GMT
INTRA-DAY USD/JPY OUTLOOK - +82.50+

Dlr's intra-day weakness after meeting renewed
selling at 82.84 suggests the recovery fm y'day's low of 82.55 has indeed ended at 82.92 (NY) n below said sup wud extend erratic fall fm last Friday's high of 83.70 to 82.40/45 n later twds 82.28.

Hold short with stop now at breakeven n only abv 82.92 wud risk stronger gain to 83.10/15 b4 down.

Rate: +82.50+
Strategy: +Target met+
Position: Short at 82.85
Objective: 82.50
Stop-Loss:
Resistance: 82.63 / 82.92 / 83.15
Support: 82.28 / 81.88 / 81.68
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