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USD/JPY Daily Outlook

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USD/JPY Daily Outlook

Wed, Oct 8 2008, 01:34 GMT
by AceTrader Team

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INTRA-DAY USD/JPY OUTLOOK:                 101.45

Updating time :08 Oct 2008 00:21 GMT


Failure to break 101.06 n present rebound fm
101.10 suggest further choppy trading wud be seen
n gain to 101.78/80 cannot be ruled out, however,
renewed selling shud emerge below 102.08 n yield
another decline later.

Stand aside in the meantime n look to sell
again on subsequent recovery. Below 101.06, 100.70.

Range Forecast
101.30 / 101.60

Resistance/Support

R: 102.08/102.53/102.84
S: 101.06/100.22/99.66
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