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USD/JPY Daily Outlook

Wed, Jul 15 2009, 01:38 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : +93.60+

Last Update At 14 Jul 2009 23:50 GMT

Despite o/n cross-inspired rally to 93.78, dlr's
subsequent retreat suggests a temp. top is possibly
in place n consolidation with mild downside bias is
seen for a retrace. of this week's rise fm 91.73
but below 93.00 needed to confirm top, 92.71/75.

Turn cautious seller on recovery, stop as indica
ted, abv may risk 94.00/05 b4 prospect of decline.

Range Forecast
93.30 / 93.65

Resistance/Support

R: 93.78 / 94.04 / 94.66
S: 93.00 / 92.71 / 92.13


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