Thread: Intra-day trading signal by AceTrader : USD/JPY

Intra-day trading signal by AceTrader

USD/JPY OUTLOOK 97.03

Last Update At 02 Mar 2009 00:39 GMT

As dlr has remained under pressure in Asia due
to intra-day active cross-buying of yen caused by
weakness in Asian equities, suggesting a re-test of
Friday's low at 96.85 can't be ruled out, break wud
extend early corrective fall fm 98.72 twd 96.35.

Stand aside n buy on such decline for day trade
but only abv 97.65/70 wud signal low is made...

Range Forecast
97.00 / 97.40

Resistance/Support
R: 97.68 / 98.17 / 98.72
S: 96.85 / 96.35 / 95.62

Our 2008 trading performance summary:
http://www.acetraderfx.com/eng/perfo...erform2008.asp

Is the dollar worth trading or should I trade Euros? What is the best money to easily trade. I was going to trade dollars vs. yen but it's tough to keep up while I'm sleeping. Any tips?