USD/JPY Daily Outlook

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USD/JPY Daily Outlook
Wed, Aug 20 2008, 02:47 GMT
by AceTrader Team
AceTrader
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INTRA-DAY USD/JPY OUTLOOK: 109.85
Updating time :20 Aug 2008 02:21 GMT
Dlr's recovery after trading abv 109.55 (o/n NY
low) suggests further consolidation abv there wud
be seen but reckon 110.00/10 wud limit upside n
bring another fall, however, below said sup needed
to extend corrective decline fm 110.67 twds 109.31.
Sell on pullback with stop as indicated n only
abv 110.33/38 wud abort intra-day bearishness...
Range Forecast
109.70 / 110.00
Resistance/Support
R: 109.96/110.33/110.67
S: 109.55/109.31/109.03
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Published on
Wed, Aug 20 2008, 02:49 GMT
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