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USD/JPY Daily Outlook
Fri, Sep 26 2008, 01:34 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: 105.89
Updating time : 26 Sep 2008 00:42 GMT
Dlr's stronger-than-expected retreat fm 107.03
(o/n NY high) suggests the near term erratic rise
fm 105.15 has ended there n further weakness twds
105.61 canmot be ruled out but only firm break of
105.47 wud bring re-test of said sup.
Abv 106.20/25 wud signal intra-day low is possi
bly made n bring rebound to 106.50. Stand aside...
Range Forecast
105.75 / 106.00
Resistance/Support
R: 106.68/107.03/107.48
S: 105.47/105.15/104.86
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Published on Fri, Sep 26 2008, 03:25 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.
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