DAILY USD/JPY OUTLOOK

Fri's brief but sharp retreat fm 82.83 to 82.23in NY suggests further choppy trading below Nov's7-1/2 mth peak at 82.84 wud continue n intra-dayweakness in eur/yen signals downside bias remains,below 82.18/20 wud extend to 82.00/05 b4 rebound.

Buy on next decline but abv 82.84 needed to extend MT rise fm 77.13 to 83.00, then 83.30.

Resistance/Support
R: 82.84 / 83.00 / 83.30
S: 82.23 / 82.05 / 81.68

Last Update At
10 Dec 2012 07:16 GMT

Rate
82.44

Strategy
Buy at 82.10

Objective
82.75

Stop-Loss
81.80