INTRA-DAY USD/JPY OUTLOOK

INTRA-DAY USD/JPY OUTLOOK

Although dlr has edged lower after early 1-tick
rise abv o/n NY high at 78.36, as price is expected
to trade abv y'day's low at 78.02, consolidation
with mild upside bias remains for a retracement of
this week's fall fm 79.23 to 78.40/45 b4 down.

Buy on dips for 78.40 or sell if price climbs to
78.45 for subsequent retreat to 78.15.

Range Forecast
78.10 / 78.35

Resistance/Support
R: 78.48 / 78.63 / 78.93
S: 78.02 / 77.88 / 77.75

Last Update At
21 Sep 2012 02:15 GMT

Rate
78.27

Strategy/Entry Level
1.Buy at 78.10
or
2.Sell at 78.45

Objective
1)78.40 or 2)78.15

Stop-Loss
15 points
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