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USD/JPY Daily Outlook

Fri, Jul 10 2009, 04:12 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

EUR/USD: +92.90+

Last Update At 10 Jul 2009 03:40 GMT

Dlr's retreat after meeting selling interest at
93.19 suggests consolidation with downside bias is
seen for weakness to 92.51 but break is needed to
signal the correction fm this week's 91.80 low has
ended y'day at 93.60 n extend to 92.38 later.

Sell on minor recovery with stop as indicated,
abv wud defer n risk gain to 93.40/45...

Range Forecast

92.70 / 93.00

Resistance/Support
R: 93.19 / 93.60 / 93.85
S: 92.51 / 92.38 / 91.80


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