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INTRA-DAY USD/JPY OUTLOOK - 90.00
Last Update At: 16 Jan 2009 02:30 GMT
Despite intra-day cross-inspired rise to 90.34,
dlr's retreat fm there suggests minor consolidation
wud be seen but renewed buying shud emerge around
89.60/70 n upmove fm y'day's 88.48 low shud resume
for re-test of said res n 90.60/70.
Still favour buying on dips with stop as indica-
ted, below wud risk pullback to 89.10/20...
Range Forecast
89.85 / 90.15
Resistance/Support
R: 90.34 / 90.83 / 91.66
S: 89.63 / 89.06 / 88.48
Last Update At: 16 Jan 2009 02:30 GMT
Despite intra-day cross-inspired rise to 90.34,
dlr's retreat fm there suggests minor consolidation
wud be seen but renewed buying shud emerge around
89.60/70 n upmove fm y'day's 88.48 low shud resume
for re-test of said res n 90.60/70.
Still favour buying on dips with stop as indica-
ted, below wud risk pullback to 89.10/20...
Range Forecast
89.85 / 90.15
Resistance/Support
R: 90.34 / 90.83 / 91.66
S: 89.63 / 89.06 / 88.48
