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INTRA-DAY USD/JPY OUTLOOK: 94.14
Updating time : 21 Nov 2008 00:05 GMT
Although dlr has recovered after y'day's cross-
inspired selloff to 93.55 (o/n NY low) n minor con-
solidation is seen in Asia, reckon 94.60/70 wud
limit upside n bring another fall but nr term loss
of momentum shud keep price abv 93.00 in Asia.
Sell on further rise for 93.95 n if dlr drops
to 93.30 1st, venture long for rebound to 93.85...
Range Forecast
93.90 / 94.30
Resistance/Support
R: 94.75/ 95.31/ 96.25
S: 93.55/ 93.00/ 92.48
Updating time : 21 Nov 2008 00:05 GMT
Although dlr has recovered after y'day's cross-
inspired selloff to 93.55 (o/n NY low) n minor con-
solidation is seen in Asia, reckon 94.60/70 wud
limit upside n bring another fall but nr term loss
of momentum shud keep price abv 93.00 in Asia.
Sell on further rise for 93.95 n if dlr drops
to 93.30 1st, venture long for rebound to 93.85...
Range Forecast
93.90 / 94.30
Resistance/Support
R: 94.75/ 95.31/ 96.25
S: 93.55/ 93.00/ 92.48
