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INTRA-DAY USD/JPY OUTLOOK by AceTrader INTRA-DAY USD/JPY OUTLOOK by AceTrader
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USD/JPY - Dollar Yen Discuss the currency pair Dollar Yen.

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Old 07-15-2008, 02:54 AM   #1 (permalink)
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Default INTRA-DAY USD/JPY OUTLOOK by AceTrader
Updating time : 15 Jul 2008 02:19 GMT

Dlr's intra-day weakness in part due to renewed
cross buying in yen suggests decline fm y'day's top
at 106.81 wud extend twds 105.80/85 but near term
'loss of momentum' shud prevent steep fall below
105.66 in Asia n yield a corrective bounce.

Sell on recovery with stop as indicated, abv
wud prolong choppy trading n risk gain twd 106.81.

Range Forecast
105.92 / 106.20

Resistance/Support
R: 106.28/106.48/106.81
S: 105.92/105.66/105.00

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