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INTRA-DAY USD/JPY OUTLOOK: 95.39
Updating time : 28 Nov 2008 00:14 GMT
Although broad outlook is 'consolidative' as dlr
is expected to move sideways inside near term broad
range of 94.60-95.95, as long as y'day's 94.99 low
holds, upside bias remains but abv o/n top of 95.59
is needed to bring further gain to 95.85/90 later.
Buy dips for 95.55, stop below said sup, break
wud risk stronger retrace. but 94.60 shud hold...
Range Forecast
95.20 / 95.50
Resistance/Support
R: 95.72/ 95.95/ 96.70
S: 94.99/ 94.60/ 94.44
Updating time : 28 Nov 2008 00:14 GMT
Although broad outlook is 'consolidative' as dlr
is expected to move sideways inside near term broad
range of 94.60-95.95, as long as y'day's 94.99 low
holds, upside bias remains but abv o/n top of 95.59
is needed to bring further gain to 95.85/90 later.
Buy dips for 95.55, stop below said sup, break
wud risk stronger retrace. but 94.60 shud hold...
Range Forecast
95.20 / 95.50
Resistance/Support
R: 95.72/ 95.95/ 96.70
S: 94.99/ 94.60/ 94.44
