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USD/JPY Daily Outlook

Mon, Jul 13 2009, 07:01 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

EUR/USD: 92.25

Last Update At 13 Jul 2009 06:00 GMT

Although dlr's present stronger-than-expected
retreat fm 92.95 suggests the recovery fm Friday's
low at 91.77 is over, below 92.00 needed to signal
recent erratic decline has resumed, yield re-test
of 91.77 but reckon 91.30 wud remain intact today.

On the upside, abv 92.63/68 wud 'prolong' choppy
trading n bring another bounce to 92.95.

Range Forecast
92.10 / 92.45

Resistance/Support

R: 92.95 / 93.19 / 93.60
S: 91.77 / 91.30 / 90.87


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