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USD/JPY Daily Outlook

Mon, Sep 29 2008, 01:16 GMT
by AceTrader Team

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INTRA-DAY USD/JPY OUTLOOK:                   106.77

Updating time : 29 Sep 2008 00:49 GMT


Renewed buying in dlr esp vs euro has lifted
price n near term upmove fm 105.03 (Friday's low)
shud extend to 106.85/90 but o/bot condition shud
prevent strg gain beyond 107.03 in Asia n reckon
107.25/30 wud cap upside, yield retreat.

Buy again on pullback with stop as indicated n
only below 106.10 wud signal intra-day top is made.

Range Forecast
106.55 / 106.85

Resistance/Support

R: 107.03/107.48/108.03
S: 106.44/105.64/105.03
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