INTRA-DAY USD/JPY OUTLOOK - 90.69

Last Update At: 28 Dec 2008 22:20 GMT

Although dlr has risen after finding renewed
buying on Friday at 90.34 due to cross selling in
yen, abv previous res at 90.99 is needed to extend
recent upmove fm 87.13 low to 91.30/40 n 91.70 b4
prospect of a retreat due to loss of momentum.

Below 90.23/34 wud signal temporary top is made
n bring correction to 89.89. Stand aside initially.

Range Forecast
90.55 / 90.90

Resistance/Support
R: 90.99/ 91.35/ 91.99
S: 90.23/ 89.89/ 89.54

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