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INTRA-DAY USD/JPY OUTLOOK: 97.15
Despite intra-day cross-insppired selloff below
97.49, dlr's recovery fm 96.94 suggests minor conso
lidation wud be seen n risk is for a corrective
bounce to 97.49/53, abv wud yield gain to 97.80/90
b4 prospect of a retreat later.
Exit short n look to sell again on recovery as
below 96.94 wud revive bearishness, 96.50/60...
Range Forecast
97.00 / 97.40
Resistance/Support
R: 97.16/ 97.97/ 98.69
S: 96.94/ 96.35/ 96.08
Updating time : 07 Nov 2008 01:11 GMT
Despite intra-day cross-insppired selloff below
97.49, dlr's recovery fm 96.94 suggests minor conso
lidation wud be seen n risk is for a corrective
bounce to 97.49/53, abv wud yield gain to 97.80/90
b4 prospect of a retreat later.
Exit short n look to sell again on recovery as
below 96.94 wud revive bearishness, 96.50/60...
Range Forecast
97.00 / 97.40
Resistance/Support
R: 97.16/ 97.97/ 98.69
S: 96.94/ 96.35/ 96.08
