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USD/JPY Daily Outlook

Tue, Jun 30 2009, 04:20 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

EUR/USD: 95.91

Last Update At 30 Jun 2009 04:01 GMT

Despite y'day's strg rebound fm 95.16, intra-day
retreat due partly to cross unwinding in yen indica
tes temporary top has been made n sideways trading
is seen until European opening, reckon 95.59/62 wud
contain weakness n bring subsequent rebound.

Stand aside n look to buy on further decline but
said Asian morning high shud remain intact.

Range Forecast
95.84 / 96.10

Resistance/Support

R: 96.33 / 96.58 / 97.20
S: 95.62 / 95.04 / 94.88


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