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INTRA-DAY USD/JPY OUTLOOK - 89.29
Last Update At: 12 Jan 2009 22:50 GMT
As 88.89 has contained o/n cross-inspired sell-
off, dlr's recovery fm there suggests consolidation
wud be seen in Asia n minor correction to 89.50/60
can't be ruled out but 89.92 (y'day's low in Aust.)
shud limit upside n yield retreat later.
Stand aside n look to sell for day trade as be-
low 88.89 wud extend recent decline to 88.40/45...
Range Forecast
89.10 / 89.45
Resistance/Support
R: 89.92/ 90.30/ 90.83
S: 88.89/ 88.50/ 88.00
Last Update At: 12 Jan 2009 22:50 GMT
As 88.89 has contained o/n cross-inspired sell-
off, dlr's recovery fm there suggests consolidation
wud be seen in Asia n minor correction to 89.50/60
can't be ruled out but 89.92 (y'day's low in Aust.)
shud limit upside n yield retreat later.
Stand aside n look to sell for day trade as be-
low 88.89 wud extend recent decline to 88.40/45...
Range Forecast
89.10 / 89.45
Resistance/Support
R: 89.92/ 90.30/ 90.83
S: 88.89/ 88.50/ 88.00
