USD/JPY Daily Outlook

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USD/JPY Daily Outlook
Tue, Aug 19 2008, 02:18 GMT
by AceTrader Team
AceTrader
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INTRA-DAY USD/JPY OUTLOOK: 109.76
Updating time :19 Aug 2008 01:20 GMT
As dlr has continued to move lower after intra-
day breach of 109.96/97 (prev. sup), suggesting the
decline fm last Friday's high at 110.67 to retrace
recent upmove wud extend to 109.35/40 n then twds
109.03 b4 rebound due to o/sold condition.
Sell for this move with stop as indicated, abv
wud defer n risk gain to 110.15/20...
Range Forecast
109.65 / 109.90
Resistance/Support
R: 109.96/110.38/110.67
S: 109.57/109.31/109.03
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Published on
Wed, Aug 20 2008, 02:40 GMT
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