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USD/JPY Daily Outlook

Mon, Jun 29 2009, 06:16 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

EUR/USD: 95.36

Last Update At 29 Jun 2009 05:45 GMT

Dlr's retreat after being capped below 95.62
(prev. sup) suggests the recovery fm last Friday's
low at 95.04 has possibly ended n downside bias
remains for weakness to said sup but below needed
to signal decline has resumed for re-test of 94.88.

Trade fm short side, stop as indicated n only
abv 95.59/62 risks stronger retrace. to 95.90/00.

Range Forecast

95.15 / 95.45

Resistance/Support
R: 95.62 / 96.05 / 96.58
S: 95.04 / 94.88 / 94.44


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