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INTRA-DAY USD/JPY OUTLOOK - 117.84
Updating time :19 Nov 2006 23:42 GMT
Friday's selloff fm 118.47 to 117.51 confirms
dlr's erratic rise fm 117.13 has made a top there n
nr term downside bias is seen for initial weakness,
as broad outlook remains consolidative, reckon 117.
25 wud hold in Asia n bring subsequent rebound.
Look to buy on dips with stop below said sup
but only abv 118.10/15 wud bring re-test of 118.47.
Range Forecast
117.65 / 117.95
Resistance/Support
R: 118.13/118.47/118.60
S: 117.51/117.25/117.13
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