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INTRA-DAY USD/JPY OUTLOOK - 91.63
Last Update At: 15 Feb 2009 23:26 GMT
Dlr's retreat after intra-day rebound fm 91.12
(NZ) to 91.95 suggests further consolidation below
Friday's NY high at 92.14 wud be seen in Asia but
as long as said sup holds, upside bias remains for
another rise n abv 92.14 brings re-test of 92.42.
Still favour buying on dips with stop below
91.12 as break wud risk correction to 90.80/90...
Range Forecast
91.45 / 91.80
Resistance/Support
R: 91.95 / 92.14 / 92.42
S: 91.12 / 90.76 / 90.54
Last Update At: 15 Feb 2009 23:26 GMT
Dlr's retreat after intra-day rebound fm 91.12
(NZ) to 91.95 suggests further consolidation below
Friday's NY high at 92.14 wud be seen in Asia but
as long as said sup holds, upside bias remains for
another rise n abv 92.14 brings re-test of 92.42.
Still favour buying on dips with stop below
91.12 as break wud risk correction to 90.80/90...
Range Forecast
91.45 / 91.80
Resistance/Support
R: 91.95 / 92.14 / 92.42
S: 91.12 / 90.76 / 90.54
