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INTRA-DAY USD/JPY OUTLOOK - +89.45+
Last Update At: 30 Jan 2009 01:31 GMT
Dlr's intra-day selloff fm 90.15 (Aust.) due to
cross buying in yen signals corrective decline fm
this week's high at 90.79 has resumed n further
weakness to 89.20/30 is seen but sup at 88.88 shud
hold due to anticipated near term o/sold condition.
Sell again on recovery with stop as indicated n
only abv 90.35 suggests pullback fm 90.79 is over..
Range Forecast
+89.30 / 89.70+
Resistance/Support
R: 90.15 / 90.35 / 90.79
S: 88.88 / 88.42 / 87.97
Last Update At: 30 Jan 2009 01:31 GMT
Dlr's intra-day selloff fm 90.15 (Aust.) due to
cross buying in yen signals corrective decline fm
this week's high at 90.79 has resumed n further
weakness to 89.20/30 is seen but sup at 88.88 shud
hold due to anticipated near term o/sold condition.
Sell again on recovery with stop as indicated n
only abv 90.35 suggests pullback fm 90.79 is over..
Range Forecast
+89.30 / 89.70+
Resistance/Support
R: 90.15 / 90.35 / 90.79
S: 88.88 / 88.42 / 87.97
