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INTRA-DAY USD/JPY OUTLOOK - 117.84
Updating time :15 Nov 2006 09:30 GMT
Although dlr has eased after intra-day rise to
117.93, active cross-selling in yen esp. vs euro
suggests downside wud be ltd to 117.60/65 n bullish
ness remains for gain to indicated obj. but res at
118.30 shud continue to hold.
Trade fm long side, stop at 117.55 n only below
117.46 wud risk weakness twds 117.25...
Range Forecast
117.70 / 117.93
Resistance/Support
R: 117.94/118.30/118.60
S: 117.46/117.13/116.95
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