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USD/JPY Daily Outlook
Fri, May 30 2008, 01:55 GMT
by AceTrader Team
AceTrader 1-wk TRIAL
www.AceTraderFX.com 24-Hr Real-time Signals Consistent Performance Intra-day, Daily, Weekly. with Email Alerts Function Try 1-week for $25 USDINTRA-DAY USD/JPY OUTLOOK: 105.57
Updating time : 29 May 2008 23:19 GMT
Dlr's retreat fm o/n NY high suggests further
sideways trading below there is seen but as y'day's
rally abv 105.70 res signals upmove fm 95.77 has
finally resumed, reckon 105.35/40 wud limit down-
side n bring another rise twds 106.00/10.
Trade fm long side with stop as indicated, below
wud risk stronger pullback to 105.05/10 b4 up...
Range Forecast
105.50 / 105.75
Resistance/Support
R: 106.00/106.61/107.21
S: 105.45/105.00/104.61
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Published on Fri, May 30 2008, 02:00 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
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