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Old 09-08-2008, 09:04 PM
AceTraderFX AceTraderFX is offline
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Join Date: Oct 2007
Posts: 120
Default Intraday outlook for usd/jpy

Updating time : 09 Sep 2008 02:30 GMT

Although dlr has fallen on active cross buying
in yen, below 107.35/40 is needed to signal the
recovery fm Friday's low at 105.53 has ended y'day
at 109.08 n extend weakness to 107.00.

Wud not chase this move n stand aside. Abv 107.
90/95 wud indicate intra-day low has been formed n
bring subsequent rebound to 108.20...

Range Forecast
107.40 / 107.70

Resistance/Support
R: 108.18/108.63/109.08
S: 107.35/106.88/106.24

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