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USD/JPY Daily Outlook

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USD/JPY Daily Outlook

Fri, Oct 10 2008, 03:12 GMT
by AceTrader Team

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INTRA-DAY USD/JPY OUTLOOK:                 99.18

Updating time :10 Oct 2008 02:51 GMT


Although dlr has rebounded after finding brief
buying at around 98.79 n further choppy trading is
seen, as long as 99.67 holds, another fall is still
likely, however, breach of said sup lvl is needed
to extend weakness to 98.20/30 later.

Stand aside n look to sell on further rise as
only abv 99.80/90 wud abort daily bearishness...

Range Forecast
98.90 / 99.40

Resistance/Support

R: 99.67/ 99.88/100.20
S: 98.60/ 97.91/ 97.50
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