INTRA-DAY USD/JPY OUTLOOK

Dlr's retreat fm 77.20 in Tokyo after y'day's
cross-inspired rally fm 76.70 to 77.32 signals fur-
ther sideways trading below said o/n NY high wud
continue with downside, however, reckon 76.88 (prev
ious res, now sup) wud remain intact.
Sell on recovery for 76.95 n exit on subsequent
decline, then buy on dips for day trade.

Range Forecast
77.00 / 77.20

Resistance/Support
R: 77.34 / 77.56 / 77.74
S: 76.88 / 76.70 / 76.55

Rate
77.09

Strategy/Entry Level
Sell at 77.20

Objective
76.95

Stop-Loss
77.35

Last Update At
20 Jan 2012 02:29 GMT