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selling in yen suggests recent erratic upmove has
resumed n abv o/head res at 115.51 (y'day's high)
wud extend gain twds 115.73, however, nr term 'loss
of momentum' shud cap upside below 116.00.
Still favour buying on dips with stop as indica
ted n only below 114.90 signals temp. top is made..
Range Forecast
115.25 / 115.51
Resistance/Support
R: 115.51/115.73/116.15
S: 115.18/114.90/114.53
INTRA-DAY USD/JPY OUTLOOK: 115.44
Updating time :01 Nov 2007 00:48 GMT
Dlr's intra-day firmness in part due to crossselling in yen suggests recent erratic upmove has
resumed n abv o/head res at 115.51 (y'day's high)
wud extend gain twds 115.73, however, nr term 'loss
of momentum' shud cap upside below 116.00.
Still favour buying on dips with stop as indica
ted n only below 114.90 signals temp. top is made..
Range Forecast
115.25 / 115.51
Resistance/Support
R: 115.51/115.73/116.15
S: 115.18/114.90/114.53
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