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USD/JPY Daily Outlook

Mon, Apr 20 2009, 01:04 GMT

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Intra-day forex trading signal by AceTrader : USD/JPY

USD/JPY OUTLOOK - 99.18

Last Update At 19 Apr 2009 22:23 GMT

Despite usd's rebound fm 98.71, breach of 99.48
is needed to signal pullback fm Friday's 99.77 high
has ended n bring resumption of upmove fm 98.15 to
re-test said res, otherwise, choppy trading wud con
tinue n another corrective fall can't be ruled out.

Below 98.90/95 wud yield weakness to 98.71 but
outlook is consolidative n 98.51 sup shud hold...

Range Forecast
 99.00 / 99.35

Resistance/Support
R: 99.48/ 99.77/99.95
S: 98.71/ 98.51/ 98.15


Trendsetter Financial Markets Ltd. | Room 1309 - 1311, 13/F., Tai Yau Building, No. 181 Johnston Road, Wan Chai, Hong Kong.
http://www.AceTraderFX.com | cs@acetrader.com

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