USD/JPY Daily Outlook
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USD/JPY Daily Outlook
Mon, Oct 13 2008, 02:10 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: 100.29
Updating time : 13 Oct 2008 01:24 GMT
Dlr's cross-inspired retreat fm 101.20 has pro-
ven to be stronger than expected n consolidation
with downside bias is seen for retracement of near
term rise fm 97.91 (Friday's low) to 99.80/90 n
99.60 but minor sup 99.10 shud limit weakness.
Abv 100.85/90 wud bring another rise to said
res n then 101.49. Stand aside in the meantime...
Range Forecast
100.10 / 100.50
Resistance/Support
R: 101.20/101.49/102.03
S: 100.01/ 99.66/ 98.51
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Published on Mon, Oct 13 2008, 02:42 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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