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Despite dlr's breach of 104.48/50, lack of strg
follow through selling n present rebound fm 104.24
suggests minor consolidation wud be seen in Asia n
recovery to 104.85 cannot be ruled out, however,
reckon 105.15/20 shud cap upside n yield selloff.
Below 104.24 wud extend weakness to 104.13 but
reckon 104.00 wud contain downside. Stand aside...
Range Forecast
104.30 / 104.60
Resistance/Support
R: 104.85/105.58/105.85
S: 104.13/103.50/103.00
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INTRA-DAY USD/JPY OUTLOOK: 104.50
Updating time :06 Oct 2008 00:40 GMT
Despite dlr's breach of 104.48/50, lack of strg
follow through selling n present rebound fm 104.24
suggests minor consolidation wud be seen in Asia n
recovery to 104.85 cannot be ruled out, however,
reckon 105.15/20 shud cap upside n yield selloff.
Below 104.24 wud extend weakness to 104.13 but
reckon 104.00 wud contain downside. Stand aside...
Range Forecast
104.30 / 104.60
Resistance/Support
R: 104.85/105.58/105.85
S: 104.13/103.50/103.00
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