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

USD/JPY OUTLOOK -  94.02

Last Update At 21 May 2009 23:46 GMT

Dlr's breach of 93.96 (o/n NY low) in line with
the greenback's weakness across the board indicates
downside bias remains for recent decline to extend
to 93.75/80, however, loss of momentum shud prevent
steep fall below 93.55 sup n yield rebound later.

Abv 94.45/50 wud bring retracement to 94.80/90
b4 down. Stand aside in the meantime...

Range Forecast
93.85 / 94.20

Resistance/Support

R: 94.49 / 95.27 / 95.48
S: 93.55 / 93.18 / 92.51