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

USD/JPY OUTLOOK -  97.30

Last Update At 12 May 2009 02:27 GMT

Despite intra-day breach of 97.26, lack of
follow through selling suggests consolidation wud
be seen but break of 97.77 res is needed to signal
a temp. low has been made at 97.13 n bring further
gain twds 98.00/05.

Exit short n stand aside for now. Below said
sup wud extend weakness twds 96.80/85...

Range Forecast
97.15 / 97.50

Resistance/Support

R: 97.77/ 97.94/ 98.16
S: 97.13/ 96.58/ 96.34