TODAY`S FOREX MARKET OUTLOOK

Thursday, October 23, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com



USD/YEN - 108.90
Yesterday`s anticipated decline signals medium term downtrend has possibly resumed and subsequent re-test of 108.28 low is envisaged, however, reckon oversold condition would prevent further sharp fall and 107.40/50 would hold and yield rebound later...


INTRA-DAY GBP/USD OUTLOOK

(Update at 22:35GMT 2003/10/22)

Although cable has risen after brief pullback to 1.6904, as such move is over-extended,
reckon upside would be limited to 1.6995/00, yield retreat later to indicated objective and possibly 1.6900 before upmove resumes again later today..

For short term trade only, venture short with stop above said resistance, break risks 1.7025/30 before pullback...


Rate: 1.6968
Strategy / Entry Level: Venture short for st trade
Position: Short at 1.6750
Objective: 1.6920/25

Stop-Loss: 1.7000
Range Forecast: 1.6945 / 1.6975
Resistance: 1.7000/1.7044/1.7120
Support: 1.6904/1.6835/1.6800

REALTIME INTRADAY forex trading signals and commentaries which are used by BANKS through Reuters for MORE than 15 years are now available to individual users. Lead by world renowned technical analyst Wilson Leung, our team of analysts monitors the FOREX market 24 HOURS A DAY. Please visit us at www.acetrader.com for more information



DISCLAIMER
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.