INTRA-DAY USD/JPY OUTLOOK

INTRA-DAY USD/JPY OUTLOOK

Dlr has finally stabilised at European open as
announcement by BOJ to increase its asset purchase
prog. pushed price sharply higher fm 78.58 to 79.
22 n minor consolidation is seen b4 upmove fm last
week's 77.13 low extends to 79.35/40 later.

Buy on dips for this move n exit on next rise
as 79.66 shud hold. Only below 78.87 signals top.

Range Forecast
79.00 / 79.22

Resistance/Support
R: 79.28 / 79.39 / 79.66
S: 78.87 / 78.58 / 78.48

Last Update At
19 Sep 2012 06:10 GMT

Rate
79.16

Strategy/Entry Level
Buy at 79.05

Objective
79.35

Stop-Loss
78.90
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS