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part due to cross selling vs yen n marginal gain
abv 110.48/49 cannot be ruled out, loss of momentum
shud limit gain to 110.65/70 n reckon 111.00 wud
cap upside, yield retreat later.
Stand aside n look to buy on pullback as only be
low 109.90/95 wud signal top possibly made, 109.66.
Range Forecast
110.25 / 110.49
Resistance/Support
R: 110.49/110.84/111.00
S: 109.94/109.66/109.47
INTRA-DAY USD/JPY OUTLOOK: 110.43
Updating time :30 Nov 2007 06:55 GMT
Although dlr has traded with a firm undertone inpart due to cross selling vs yen n marginal gain
abv 110.48/49 cannot be ruled out, loss of momentum
shud limit gain to 110.65/70 n reckon 111.00 wud
cap upside, yield retreat later.
Stand aside n look to buy on pullback as only be
low 109.90/95 wud signal top possibly made, 109.66.
Range Forecast
110.25 / 110.49
Resistance/Support
R: 110.49/110.84/111.00
S: 109.94/109.66/109.47
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