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INTRA-DAY USD/JPY OUTLOOK: 97.74
Dlr's rebound fm 97.15 due to cross selling in
yen suggests further consolidation abv there wud be
seen in Asia n correction of near term decline fm
99.48 to 98.05/10 can't be ruled out but as long as
98.31 holds, another fall is likely later.
Sell on further rise for 97.50/55, below brings
re-test of 97.15. Abv 98.31 aborts n risks 98.70...
Range Forecast
97.55 / 97.95
Resistance/Support
R: 98.05/ 98.31/ 98.70
S: 97.15/ 96.75/ 96.35
Updating time : 12 Nov 2008 02:24 GMT
Dlr's rebound fm 97.15 due to cross selling in
yen suggests further consolidation abv there wud be
seen in Asia n correction of near term decline fm
99.48 to 98.05/10 can't be ruled out but as long as
98.31 holds, another fall is likely later.
Sell on further rise for 97.50/55, below brings
re-test of 97.15. Abv 98.31 aborts n risks 98.70...
Range Forecast
97.55 / 97.95
Resistance/Support
R: 98.05/ 98.31/ 98.70
S: 97.15/ 96.75/ 96.35
