Intra-day forex trading signal by AceTrader : USD/JPY

USD/JPY OUTLOOK -  98.68

Last Update At 07 May 2009 00:38 GMT

Despite dlr's rebound fm 98.21 to 98.85, a break
abv prev. res at 99.08 is needed to confirm the
correction fm 99.58 has indeed ended y'day at 97.94
n extend to 99.30/35, otherwise, further choppy
trading is in store in Asia.

Below 98.21 wud risk another fall to aforesaid
sup at 97.94. Stand aside n hold long for day trade

Range Forecast
98.55 / 98.85

Resistance/Support

R: 99.08/ 99.21/ 99.58
S: 98.21/ 97.94/ 97.61