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[K.B. Advisory]

EURO/JPY - Friday, December 13th 2002

EUROPEAN UPDATE / Rate - 124.90
Ideally the EURO will stay above 124.50 (maximum 124.30) to preserve the prospect of price gains today. Looking for a rally over 125.20 to encourage bullish progress underway, targeting initially 125.70/90, potentially 126.30.
(Range so far today: 124.51 - 125.07)

AMERICAN UPDATE / to come...GMT 12:30

MITS 24-Hour Trade Recommendation: Bought EURO this morning @ 124.80 (SL 124.30) - profit order 125.70
MITS Performance for December: +186

Trend Profile: Bullish EURO - July 5th @ 117.12
Momentum: Bearish EURO - Sept.26th (Currently Overbought)

Support
minor Support
intermediate Support
major Resistance
minor Resistance
intermediate Resistance
major
Daily 124.70 124.50 124.30 125.20 125.40 125.70
Weekly 124.60 124.40 124.10 125.30 125.60 125.90
Monthly 124.50 124.10 123.60 125.50 125.90 126.30