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USD/JPY Daily Outlook

Mon, Aug 17 2009, 01:31 GMT

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : 94.68

Last Update At 16 Aug 2009 22:25 GMT

Although dlr has staged a minor rebound after
Friday's selloff to 94.42 n initial consolidation
is envisaged, reckon 95.04/05 (prev. sup) wud cap
upside n yield resumption of recent fall fm 97.79
to 94.00/05 later today.

Sell on further recovery n only abv 95.48 wud
abort daily bearishness on dlr, risk 95.70/80.

Range Forecast
+94.50 / 94.85+

Resistance/Support

R: 95.04/95.48/95.74
S: 94.42/94.01/93.45


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