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USD/JPY Daily Outlook

Fri, Jul 3 2009, 07:07 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

EUR/USD: +96.10+

Last Update At 03 Jul 2009 06:10 GMT

Despite dlr's rebound after failing to penetrate
y'day's NY low at 95.70, as price action fm there
is viewed as a minor retracement of nr term cross-
inspired selloff, reckon 96.27 (prev. sup) wud cap
upside n yield another fall to said sup n 95.35.

Sell on further rise with stop as indicated n
only abv 95.50/55 wud abort intra-day bearishness.

Range Forecast
95.85 / 96.10

Resistance/Support

R: 96.27 / 96.56 / 96.89
S: 95.70 / 95.31 / 95.04


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