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INTRA-DAY USD/JPY OUTLOOK - 117.77
Updating time :09 Nov 2006 23:09 GMT
Dlr's selloff after y'day's cross-inspired rally
to 118.60 suggests erratic upmove fm 116.57 has pos
sibly formed a top n consolidation with downside
bias is seen for weakness to 117.60/65 but sup at
117.25 shud hold in Asia due to o/sold condition.
Sell on recovery with stop as indicated, abv wud
risk 118.35/40 but 118.60 shud remain intact...
Range Forecast
117.69 / 118.90
Resistance/Support
R: 118.01/118.46/118.60
S: 117.69/117.25/116.95
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