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USD/JPY Daily Outlook

Thu, Jul 2 2009, 03:09 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

EUR/USD: 96.60

Last Update At 02 Jul 2009 02:21 GMT

Despite initial weakness at Asian opening due to
cross-buying in yen, as renewed bids at 96.38 has
contained weakness, consolidation with upside bias
remains but abv y'day's high at 97.00 is needed to
extend recent 'erratic' rise to 97.20 later.

Hold long for 96.90 n only below y'day's low at
96.17 wud abort intra-day bullishness on dlr.

Range Forecast

96.50 / 96.80

Resistance/Support
R: 97.00 / 97.20 / 97.89
S: 96.27 / 96.17 / 95.79


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