Thread: USD/JPY Daily Market Outlook by AceTrader

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY


USD/JPY : 89.33

Last Update At 25 Feb 2010 08:00 GMT

Dlr has remained under pressure, suggesting
decline fm last Friday's high of 92.16 wud extend
weakness to 89.10/14, however, nr term loss of down
ward momentum shud keep price abv 89.00 n yield a
much-needed minor rebound later.


Sell on recovery for weakness to 89.15 or if
dlr drops to 89.15 1st, turn long for gain to 89.55



Range Forecast
89.23 / 89.60


Resistance/Support
R: 89.76/89.92/90.36
S: 89.14/88.82/88.55


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From what I can see on this chart the JPY certainly seems to be picking up, guess the BOJ is not having the impact they could be, too bad.