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INTRA-DAY USD/JPY OUTLOOK - 89.03
Last Update At: 15 Jan 2009 02:30 GMT
Despite intra-day cross-inspired bounce, as dlr
has eased after meeting minor selling at 89.26, con
solidation with mild downside bias is seen but only
below y'day's 88.60 low wud bring one more fall to
88.20/30 b4 rebound due to loss of momentum.
Abv 89.38 wud signal temp. low is possibly made
n yield correction to 89.60/70 n 89.97. Stand aside
Range Forecast
88.90 / 89.20
Resistance/Support
R: 89.38 / 89.97 / 90.30
S: 88.60 / 88.41 / 88.00
Last Update At: 15 Jan 2009 02:30 GMT
Despite intra-day cross-inspired bounce, as dlr
has eased after meeting minor selling at 89.26, con
solidation with mild downside bias is seen but only
below y'day's 88.60 low wud bring one more fall to
88.20/30 b4 rebound due to loss of momentum.
Abv 89.38 wud signal temp. low is possibly made
n yield correction to 89.60/70 n 89.97. Stand aside
Range Forecast
88.90 / 89.20
Resistance/Support
R: 89.38 / 89.97 / 90.30
S: 88.60 / 88.41 / 88.00
