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INTRA-DAY USD/JPY OUTLOOK - +89.07+
Last Update At: 23 Jan 2009 00:22 GMT
Dlr's cross-inspired rebound fm 88.07 suggests
the retreat fm 89.55 (y'day's high) has possibly
ended n consolidation with upside bias is seen, how
ever, abv said res is needed to extend the correct-
ive rise fm 87.10 low to 89.90/00 later.
Buy on dips with stop as indicated, below wud
defer n risk weakness to 88.40/50...
Range Forecast
+88.80 / 89.20+
Resistance/Support
R: 89.34 / 89.55 / 90.17
S: 88.58 / 88.07 / 87.56
Last Update At: 23 Jan 2009 00:22 GMT
Dlr's cross-inspired rebound fm 88.07 suggests
the retreat fm 89.55 (y'day's high) has possibly
ended n consolidation with upside bias is seen, how
ever, abv said res is needed to extend the correct-
ive rise fm 87.10 low to 89.90/00 later.
Buy on dips with stop as indicated, below wud
defer n risk weakness to 88.40/50...
Range Forecast
+88.80 / 89.20+
Resistance/Support
R: 89.34 / 89.55 / 90.17
S: 88.58 / 88.07 / 87.56
