Thread: Intra-day usd/jpy outlook

INTRA-DAY USD/JPY OUTLOOK

Although dlr has remained under pressure after
staging a minor recovery fm y'day's 76.14 low to 76
.30, as long as said sup holds, another bounce is
still likely n abv 76.30 wud yield stronger gain to
76.41 n possibly twd 76.55 after consolidation.
Trade fm long side, stop as indicated n only be-
76.05 wud abort n may extend marginally to 75.95.

Range Forecast
76.15 / 76.35

Resistance/Support
R: 76.41 / 76.55 / 76.90
S: 76.14 / 75.95 / 75.33

Rate
76.15

Position
Long at 76.15

Strategy/Entry Level
Hold long

Objective
76.40

Stop-Loss
76.00

Last Update At
01 Feb 2012 01:29 GMT

USD/ JPY Forex Analysis on the 1st Feb 2012

US Doller vs. Yen at 12:30 (GMT) - 76,066

Flow Chart

usdjpy-1feb.jpg

USD/JPY Forex Analysis on 17 Feb 2012

USD/JPY at 15:30 (GMT) - 79,355

Trends

Resistance/Support (Weekly/Daily/ Hourly)
R: 80.2/ 79.5/ 79.2
S: 78.2/78.7/79

Forex news on USD/JPY

News- The Japanese yen fell to its lowest level against the US dollar in seven months, with rising concerns over the strong yen hurting exports and the economy.

The dollar rose to 80.406, highest since July.

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