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