14 Mar 2008

Report at 1100hrs SGT

GJ
It still continue to hovers around 204 and 203.

Using 1 hour chart, a breakout out of 202.9 or 206.0 will then determine the direction of this pair.

GU
Up trend has soften.

Looking at the 1 hour chart, GU could move down further to EMA55 at 2.026, thento EMA100 at 2.021.

Should a break out above 2.040, potential it will move to 2.0475 (Fib retracement from daily chart).