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INTRA-DAY USD/JPY OUTLOOK - 93.07
Last Update At: 06 Jan 2009 00:31 GMT
As dlr has edged lower at Asian opening after
rising to a marginal high of 93.59 in Australia,
suggesting sideways consolidation wud be seen n
below initial sup at 92.86 (NY low) wud bring minor
retrace. of y'day's rally to 92.55/60 b4 rebound.
Stand aside n look to buy dlr on such decline
but reckon said y'day's high wud hold fm here...
Range Forecast
92.86 / 93.20
Resistance/Support
R: 93.59 / 93.91 / 94.50
S: 92.86 / 92.41 / 91.80
Last Update At: 06 Jan 2009 00:31 GMT
As dlr has edged lower at Asian opening after
rising to a marginal high of 93.59 in Australia,
suggesting sideways consolidation wud be seen n
below initial sup at 92.86 (NY low) wud bring minor
retrace. of y'day's rally to 92.55/60 b4 rebound.
Stand aside n look to buy dlr on such decline
but reckon said y'day's high wud hold fm here...
Range Forecast
92.86 / 93.20
Resistance/Support
R: 93.59 / 93.91 / 94.50
S: 92.86 / 92.41 / 91.80
