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USD/JPY Daily Outlook

Thu, Jul 23 2009, 03:59 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : 94.15

Last Update At 23 Jul 2009 02:20 GMT

Although dlr's intra-day cross-inspired rally
abv y'day's high at 93.88 confirms the erratic fall
fm this wk's top at 94.80 has ended at 93.09 y'day,
daily outlook is consolidative n reckon 94.40/50
wud cap upside, yield retreat later.

Turn cautious buyer on dips, stop as indicated,
below confirms top is made n risks 93.45/50.

Range Forecast
94.00 / 94.35

Resistance/Support

R: 94.40/94.80/95.45
S: 93.88/93.45/93.09


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