Intraday Market Thoughts

Archived IMT (2008.09.23)

by Ashraf Laidi
Sep 23, 2008 10:31

My preliminary analysis suggests we will see a stronger USD in US Tuesday session, that could take USDJPY to as high as 107 and onto 107.60 in Asian Wed session. GBPUSD seen falling towards $1.8350 in US session and bottom near $1.8200 at beginning of European Wed session. We could then see recovery in EUR and GBP at beginning of EU Wed session and renewed USDJPY declines. Analysis to remain unless explicitely revised.


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