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USD/JPY Daily Outlook

Mon, May 25 2009, 00:36 GMT

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

USD/JPY OUTLOOK -  94.58

Last Update At 24 May 2009 22:20 GMT

Dlr's rebound fm 93.85 to 94.92 on Friday in
part due to cross selling in jpy confirms recent
decline has made a temp. low there n consolidation
with a 'neutral' bias is seen in Asia but abv said
NY high is needed to extend gain twd 95.27 later.

Buy on dips with stop as indicated, below wud
defer n risk possible re-test of 93.85...

Range Forecast
94.45 / 94.75

Resistance/Support

R: 94.92/ 95.27/ 95.48
S: 94.32/ 93.85/ 93.55


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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