FOREX MARKET OUTLOOK FROM ACETRADER - USD/YEN


Thursday, December 11, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com



USD/YEN - 108.35

Yesterday`s strong rise confirms recent downtrend has made a temporary low earlier at
106.74 and consolidation with upside bias is seen for correction towards 109.50 but strong
resistance at 110.06 would remain intact. Only below 107.30 would signal downtrend has
resumed, bring re-test of said support.

Trade from short side, stop initially as indicated, only above 1.2741 resistance aborts.


Rate: 1.2683
Strategy / Entry Level: Hold short
Position: Short at 1.2695
Objective: 1.2650
Stop-Loss: 1.2720
Range Forecast: 1.2660/1.2700
Resistance: 1.2741/1.2783/1.2823
Support: 1.2597/1.2558/1.2515




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