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INTRA-DAY USD/JPY OUTLOOK: 121.45
Updating time : 13 Feb 2007 01:59 GMT
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As intra-day fall fm 121.96 has continued to
pressure dlr due to active cross-buying in yen, sug
gesting downside risk remains for a stronger correc
tion of recent upmove n weakness to 121.30 can't be
ruled out, however, reckon 120.99 sup wud hold.
Wud be prudent to exit long n stand aside for
now. Abv 121.75/80 wud revive bullishness, 122.00..
Range Forecast
121.30 / 121.60
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Resistance/Support
R: 121.96/122.20/122.39
S: 121.10/120.99/120.58
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