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Intra-day forex trading signal by AceTrader : USD/JPY
USD/JPY OUTLOOK - 98.43
Last Update At 08 Jun 2009 01:25 GMT
Dlr's retreat after being capped below Friday's
NY high at 98.90 suggests further consolidation
below there is in store n pullback to 98.10/20 can
not be ruled b4 prospect of another rise, however,
abv said res needed to extend upmove to 99.20/25.
Still favour buying on dips, stop as indicated,
below wud risk stronger retrace. to 97.80/85...
Range Forecast
98.25 / 98.60
Resistance/Support
R: 98.90/99.22/99.80
S: 98.05/97.46/96.98
USD/JPY OUTLOOK - 98.43
Last Update At 08 Jun 2009 01:25 GMT
Dlr's retreat after being capped below Friday's
NY high at 98.90 suggests further consolidation
below there is in store n pullback to 98.10/20 can
not be ruled b4 prospect of another rise, however,
abv said res needed to extend upmove to 99.20/25.
Still favour buying on dips, stop as indicated,
below wud risk stronger retrace. to 97.80/85...
Range Forecast
98.25 / 98.60
Resistance/Support
R: 98.90/99.22/99.80
S: 98.05/97.46/96.98
