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Dlr's retreat fm Asian morning high of 104.83
suggests recent 'erratic' upmove has formed a temp.
top there n sideways trading is envisaged, reckon
104.25/30 wud contain weakness n bring rebound but
abv said res is needed to extend gain twd 105.00.
Buy on dips with stop as indicated, below may
risk stronger retrace. twd Friday's low at 103.90..
Range Forecast
104.40 / 104.70
Resistance/Support
R: 104.83/104.95/105.22
S: 104.25/103.90/103.33
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INTRA-DAY USD/JPY OUTLOOK: 104.60
Updating time :28 Apr 2008 05:58 GMT
Dlr's retreat fm Asian morning high of 104.83
suggests recent 'erratic' upmove has formed a temp.
top there n sideways trading is envisaged, reckon
104.25/30 wud contain weakness n bring rebound but
abv said res is needed to extend gain twd 105.00.
Buy on dips with stop as indicated, below may
risk stronger retrace. twd Friday's low at 103.90..
Range Forecast
104.40 / 104.70
Resistance/Support
R: 104.83/104.95/105.22
S: 104.25/103.90/103.33
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