TECHS Cont: - USDJPY is bullish and flipped...>

FOREX: TECHS Cont:

- USDJPY is bullish and flipped from bearish on Jan 9. This market has traded

higher today and important cleared a key resistance at 109.73. Initial supports

on any pullback are seen at the 108.90/80 level. Note too that recent gains have

been steep and a correction (or at the very least a period of consolidation)

would not come as a surprise.

- EURJPY direction has not yet reversed from its bearish reading on Jan 3. The

cross is stronger again today and the focus from a P&F perspective is on

resistance at 122.60/80. If the rally holds, we would expect the model to

deliver a bullish reading relatively soon. The cross has also cleared the key

bearish risk parameter at 121.45 further undermining the models bearish reading.

- AUDUSD is firmer today, however the model reading remains bearish and has been

so since Jan 9. The risk parameter is at the 0.6935 level and needs to hold to

prevent a stronger rally from unfolding.

- USDCAD signal is bullish and has been so since Jan 10. Further gains are seen

likely with the key risk parameter at 1.3005 level. (2/2)