Daily Outlook on USD/KRW and USD/IDR and USD/SGD January 31, 2013

[B]DAILY USD/KRW OUTLOOK[/B] - 1089.7
31 Jan 2013 00:53GMT…

Although usd has opened higher, as long as this wk’s high at 1093.5 holds, sideways consolidation is seen n fall to 1085/86 can’t be ruled out.

Buy on dips with stop as indicated, below wud prolong choppy trading n risk weakness to 1080.9

[B]STRATEGY[/B] : Long at 1087.7
[B]POSITION[/B] : Long at 1087.7
[B]OBJECTIVE[/B] : 1092.7
[B]STOP-LOSS[/B] : 1086.6
[B][B]RES[/B] : 1087.5/1090.0/1093.5
SUP[/B] : 1084.5/1080.9/1078.8
………………………………………………………………………….

[B]DAILY USD/IDR OUTLOOK[/B] - 9700
31 Jan 2013 01:22GMT…

Usd’s rise to 9765 y’day suggests recent erratic rise remains in force n further gain to 9775 wud be seen after consolidation but 9800 wud hold.

Buy at market with stop as indicated n only below 9625 suggests a temp. top has been made, 9590.

[B]STRATEGY[/B] : Buy at market
[B]OBJECTIVE[/B] : 9770
[B]STOP-LOSS[/B] : 9665
[B]RES[/B] : 9775 / 9800 / 9520
[B]SUP[/B] : 9675 / 9625 / 9590
………………………………………………………………………

[B]DAILY USD/SGD OUTLOOK[/B] - 1.2378
31 Jan 2013 00:56GMT…

Despite y’day’s retreat to 1.2234, subseqeunt rebound suggests pullback fm Mon’s 4-1/2 mth high at 1.2405 has ended there, abv 1.2382, 1.2405 again.

Trade fm long side with stop as indicated, below wud bring stronger retracement twds 1.2289.

[B]STRATEGY[/B] : Long at 1.2348
[B]POSITION[/B] : Long at 1.2348
[B]OBJECTIVE[/B] : 1.24
[B][B]STOP-LOSS[/B] : 1.2348
RES[/B] : 1.2382/1.2405/1.2433
[B]SUP[/B] : 1.2331/1.2318/1.2289