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USD/JPY Daily Outlook

Mon, Oct 13 2008, 02:10 GMT
by AceTrader Team

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INTRA-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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