FOREX MARKET OUTLOOK FROM ACETRADER - USD/YEN - Nov 25, 2003

Tuesday, November 25, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com

USD/YEN - 109.45

Dollar`s broad-based strength has pushed price higher and a break above 109.75 resistance
would confirm a retracement of the intermediate decline from 117.72 is under way, bring
further subsequent gain towards 110.30/40. Only a break below 108.62/68 would abort this
bullish scenario.


INTRA-DAY USD/YEN OUTLOOK

(Update at 02:21GMT 2003/11/25)

As euro has found support at 1.1760, consolidation with upside bias is envisaged and above
1.1790 would bring a retracement of recent decline to 1.1820/25 but above 1.1831 is needed
to confirm intra-day low is in place, 1.1850/57 later.

Suggest to buy again with stop initially as indicated and take some profit on subsequent rise.


Rate: 1.1780
Strategy / Entry Level: Buy again
Position:

Objective: 1.1820
Stop-Loss: 1.1748
Range Forecast: 1.1765/1.1790
Resistance: 1.1831/1.1857/1.1899
Support: 1.1760/1.1727/1.1677




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