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INTRA-DAY USD/JPY OUTLOOK by AceTrader
Updating time : 27 Oct 2008 06:59 GMT
Dlr's retreat after meeting renewed selling at
94.50 suggests consolidation with downside bias wud
be seen n weakness to 92.57 is likely, however, as
broad outlook is consolidative, reckon 91.88 sup
shud contain downside n yield rebound later.
Sell on minor recovery with stop as indicated,
break wud risk gain to 94.10 but 94.50 wud hold...
Range Forecast
+92.70 / 93.20+
Resistance/Support
R: 94.50/ 94.88/ 95.94
S: 92.57/ 91.88/ 90.87
http://www.acetraderfx.com
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