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INTRA-DAY USD/JPY OUTLOOK 92.20
Last Update At 18 Feb 2009 00:32 GMT
Despite staging a rebound fm 91.56 (y'day's low),
as renewed selling at 92.71 (NY high) has caused
dlr to retreat, suggesting further 'choppy' trading
below y'day's top at 92.75 wud continue n below 92.
00 may risk stronger pullback to 92.65/70 later.
Stand aside for now n look to buy on such decline
as said sup at 91.56 shud hold fm here...
Range Forecast
92.00 / 92.35
Resistance/Support
R: 92.75 / 92.92 / 93.56
S: 92.14 / 91.56 / 91.12
Last Update At 18 Feb 2009 00:32 GMT
Despite staging a rebound fm 91.56 (y'day's low),
as renewed selling at 92.71 (NY high) has caused
dlr to retreat, suggesting further 'choppy' trading
below y'day's top at 92.75 wud continue n below 92.
00 may risk stronger pullback to 92.65/70 later.
Stand aside for now n look to buy on such decline
as said sup at 91.56 shud hold fm here...
Range Forecast
92.00 / 92.35
Resistance/Support
R: 92.75 / 92.92 / 93.56
S: 92.14 / 91.56 / 91.12
