Despite gold's resumption of recent upmove to
1262.70 on Wed, y'day's sharp retreat to 1242.90
suggests a temp. top is possibly in place n below
said y'day's low wud add credence to this near term
bearish view, bring correction to daily chart obj.
at 1238.40 but reckon 1235.00 wud contain weakness.

Trade fm short side with stop as indicated n
only abv 1252.70/80 wud signal aforesaid pullback
is over, yield stronger gain to 1255/56...
[more]

Euro's rally to 1.3050 suggests rise fm record
low of 1.2765 to retrace recent downtrend remains
in force n further gain to 1.3075 wud be seen after
a minor consolidation, however, near term o/bot
condition shud prevent strg gain abv 1.3100.

Still favour buying euro on dips with stop as in
dicated, below wud suggest an intra-day high made.
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Euro's rebound fm 1.2642 to 1.2693 suggests
decline fm this week's high of 1.2920 (Tue) has pos
sibly made a low there n consolidation with mild
upside bias wud be seen for gain to 1.2710, abv wud
confirm this view n yield gain to 1.2740/43.

Hold long for this move with stop as indicated,
break wud bring one more fall to 1.2625.
[more]

Despite intra-day euro-led weakness to 1.5392,
present rebound suggests near term choppy trading
inside 1.5376-1.5479 range wud continue but abv
1.5479 needed to signal pullback fm 1.5534 to re-
trace early rise fm 1.5296 has ended, 1.5534 later.

Exit previous short as below 1.5392 needed to
yield weakness to 1.5376, break extends twd 1.5344.
[more]

Although intra-day breach of Wed's low of 1.2659
confirms euro's decline fm 1.2920 (Tue) has resumed
, nr term loss of momentum is likely to prevent fur
ther steep fall n reckon minor sup at 1.2625 wud
hold on 1st testing n bring another correction.

Exit short n sell again on recovery for re-test
of Aug's 1.2588 low next wk n res 1.2767 shud hold.
[more]

Although dlr's cross-inspired rise abv 1.0125
to 1.0168 suggests upmove fm y'day's low of 1.0060
to retrace recent fall has taken place, subsequent
retreat signals an intra-day top has possibly been
made n weakness to 1.0120 n then 1.0091 is seen.

Trade fm short side with stop as indicated,
break wud risk stronger retrace. to 1.0200.
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A$'s firmness after the release of better-than-
expected jobs data suggests upside bias is seen for
for re-test of y'day's 0.9194 high n break there
wud confirm recent upmove fm 0.8770 has resumed n
head twd last month's top at 0.9223 later.

Buy at market, stop as indicated n only below
0.9152 wud signal temp. top is made, risk 0.9134...
[more]

Despite y'day's resumption of decline to a 1-mth
low of 1.5296, subsequent strg rebound suggests ear
ly fall fm 1.5999 has formed a temp. low there n
upside bias is seen for a stronger retrace. to 1.55
30/40 but 1.5565/70 wud cap upside.

Trade fm long side with stop now at break-even.
Only below 1.5412 wud risk pullback to 1.5376.
[more]

Y'day's breach of Aug's record low of 1.2850 to
1.2812 suggests euro wud remain under pressure n
head to 1.2770/80 after initial consolidation, how-
ever, o/sold condition is likely to limit weakness
to 1.2750/55 n bring minor correction later.

Sell again on recovery n only abv 1.2910/20 con-
firms temp. low is formed, risks gain to 1.2955/65.
[more]

Despite stg's anticipated firmness, as near term
rise fm 127.93 is viewed as a retrace. of recent de
cline, 129.50/60 may limit upside n yield retreat.

Wud be prudent to exit early long at 128.20 n
stand aside. Below 128.50, recovery over, 127.93...
[more]

Although euro has penetrated intra-day low at
106.10 (AUS) after meeting renewed selling earlier
in Asia at 106.50, near term 'loss of momentum' is
likely to prevent steep fall n reckon 105.70/80 wud
contain weakness, bring a stronger recovery.

Wud be prudent to take profit here n look to
sell on subsequent rebound as 106.50 shud hold.
[more]

As euro has maintained under pressure after
falling fm 1.3025 to 1.2907, suggesting decline fm
1.3164 (Fri) remains in progress n consolidation
with downside bias wud be seen for weakness twd 1.2
850 b4 prospect of another rebound.

Hold short with stop as indicated n only abv 1.3
020 wud prolong choppy trading, 1.3075.
[more]

Despite aussie's anticipated weakness to 0.9094,
as the decline fm y'day's top at 0.9181 is viewed
as a retracement of recent upmove, nr term o/sold
condition shud prevent sharp fall n reckon price
wud keep well abv 0.9055/66 n yield rebound later.

Wud be prudent to exit short n stand side. Only
abv 0.9147 wud signal an intra-day low is made...
[more]

Despite stg's anticipated weakness, only a break
of last mth's 128.69 low wud confirm recent decline
fm 137.76 has resumed n extend fall twd 128.00.

Wud be prudent to exit short at 129.50 n look to
sell again on recovery as 129.60 res shud hold...
[more]

Although euro has recovered after marginal weak-
ness to 1.2907 n choppy sideways trading wud be
seen, reckon res at 1.2965 (Asian reaction high)
wud cap upside n bring another fall but only below
said sup wud extend decline fm 1.3164 twd 1.2884.

Wud be prudent to exit intra-day short here n
only abv 1.2965 wud risk retrace. to 1.3000/05...
[more]

Euro's retreat after early marginal rise to
1.2920 suggests an intra-day top has possibly been
made n consolidation with downside bias wud be seen
for weakness to 1.2871 but break needed to confirm
n yield retrace. of last weeks's rise to 1.2855/56.

Trade fm short side with stop now at break-even,
abv wud risk one more rise to prev. 1.2923 res.
[more]

Although cable has recovered after anticipated
selloff to 1.5381 n sideways trading wud be seen in
thin European session, as long as 1.5423 (prev. sup
, now res) holds, intra-day downside bias remains
for another fall to 1.5370 but 1.5350 sup wud hold.

Trade fm short side with stop as indicated,
break wud risk stronger bounce to 1.5450/60...
[more]

Although cable's rebound fm 1.5392 Friday has
pushed price higher in Asia, as indicated res at
1.5492 has capped intra-day rise, suggesting choppy
trading inside recent 1.5327-1.5492 range wud conti
nue with downside bias, below 1.5392, 1.5350/60.

Hold short with stop as indicated, abv may risk
correction to 1.5540/50 but 1.5599 shud cap upside.
[more]

Despite early euro-led rise to 1.5490 at Euro-
pean opening, as renewed selling below indicated
res at 1.5492 has pushed cable lower fm 1.5490, re-
taining daily consolidative outlook for weakness to
1.5423 (NZ), below wud extend twd 1.5392.

Hold short for this move n take profit on such
decline as 1.5392 wud hold initially...
[more]

Euro's rebound after intra-day fall to 0.8329
retains our bullish prospect for a resumption of
recent upmove after consolidation n abv res 0.8355
(AUS) wud extend gain twd chart obj. at 0.8363 b4
correction occurs due to nr term loss of momentum.

Hold long with stop as indicated n only below
0.8317/22 signals temp. top is made, risks 0.8297.
[more]