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Old 09-01-2008, 11:05 PM
AceTraderFX AceTraderFX is offline
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Join Date: Oct 2007
Posts: 98
Default Intra-day usd/jpy outlook

Updating time : 02 Sep 2008 05:29 GMT

Although current sharp retreat signals recovery
fm y'day's 107.62 low has possibly ended at 108.54
n consolidation with downside bias wud be seen, a
breach of 107.77 sup is needed to confirm decline
has resumed twds 107.50.

Abv 108.30/35 wud prolong choppy trading but
only break of 108.54 wud shift risk to upside...

Range Forecast
107.90 / 108.20

Resistance/Support
R: 108.54/108.70/108.97
S: 107.77/107.62/107.28

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