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Old 06-16-2008, 08:45 PM
AceTraderFX AceTraderFX is offline
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Join Date: Oct 2007
Posts: 121
Default INTRA-DAY USD/JPY OUTLOOK by AceTrader

Updating time : 17 Jun 2008 02:36 GMT

Present firm breach of y'day's low at 107.87 due
to intra-day dlr's broad-based weakness suggests
recent upmove has possibly made a top y'day at 108.
59 n below 107.65 wud confirm this view, bring sub-
sequent correction to 107.40 but 107.18 wud hold.

Venture selling on recovery n only abv 108.33
wud abort bearishness n yield re-test of 108.59...

Range Forecast
+107.82 / 108.05+

Resistance/Support
R: 108.00/108.33/108.59
S: 107.65/107.39/107.18

http://www.AceTraderFX.com
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