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INTRA-DAY USD/JPY OUTLOOK: 99.60
Dlr has remained under pressure ahead of European
opening on cross-buying in yen, suggesting nr term
downside bias remains n re-test of 99.26 prev. sup
is seen but reckon 98.90/00 wud hold due to o/sold
condition n yield a much-needed recovery later.
Stand aside for now as a firm rise abv 99.04 (pre
vious sup) needed to signal temp. low, 100.20/30...
Range Forecast
99.40 / 99.80
Resistance/Support
R: 99.94 / 100.87/101.35
S: 99.26/ 99.10/ 98.51
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AceTrader M-T-D Intra-Day performance summary (as of 21 Oct)
USD/JPY + 190 | EUR/USD +149 | USD/CHF +204 | GBP/USD +260 |
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Updating time : 22 Oct 2008 05:47 GMT
Dlr has remained under pressure ahead of European
opening on cross-buying in yen, suggesting nr term
downside bias remains n re-test of 99.26 prev. sup
is seen but reckon 98.90/00 wud hold due to o/sold
condition n yield a much-needed recovery later.
Stand aside for now as a firm rise abv 99.04 (pre
vious sup) needed to signal temp. low, 100.20/30...
Range Forecast
99.40 / 99.80
Resistance/Support
R: 99.94 / 100.87/101.35
S: 99.26/ 99.10/ 98.51
***********************************************************************************
AceTrader M-T-D Intra-Day performance summary (as of 21 Oct)
USD/JPY + 190 | EUR/USD +149 | USD/CHF +204 | GBP/USD +260 |
***********************************************************************************
