Thread: USD/JPY Daily Market Outlook by AceTrader

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY


USD/JPY : 88.82

Last Update At 12 Jul 2010 06:29 GMT

Present stronger-than-expected retreat fm 89.15
suggests an intra-day top has possibly been made,
consolidation with downside bias wud be seen n
below 88.71 may bring a minor retrace. to 88.40/50
but sup at 88.00 wud remain intact.


Wud be prudent to exit long n stand aside for
now. Abv 89.15 wud bring one more rise to 89.46.


Range Forecast
88.71 / 89.00


Resistance/Support
R: 89.15 / 89.46 / 89.78
S: 88.71 / 88.55 / 88.37

http://www.acetraderfx.com

Usd/jpy - 83.67 ... Japanese Finance Minister Yoshihiko Noda declined to comment to reporters about currencies after the yen rose

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : 80.50

Last Update At 24 Jun 2011 06:00 GMT

Despite dlr's retreat fm y'day's NY high of 80.
80 to 80.38, as long as 80.29/34 sup area holds,
consolidation with upside bias remains but abv 80.
64 res needed to confirm the pullback is over n
yield resumption of rise fm 80.02 to 80.80 n 80.93.

Buy on dips with stop below there, break wud
prolong choppy trading n risk weakness to 80.02.

Range Forecast
80.40 / 80.60

Resistance/Support
R: 80.80 / 80.94 / 81.08
S: 80.34 / 80.18 / 80.02

http://www.acetraderfx.com

I think they have pulled it back with some stop-loss selling, right?! Mr. Noda did say that there were some government initiatives on the way to ensure a smooth relapse into forex trading pinnacle.