INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : +97.10+

Last Update At 10 Aug 2009 01:17 GMT

Although dlr has retreated after being capped
below last Friday's NY high at 97.79, price action
fm there looks corrective n 97.00 (prev. res) shud
limit downside, yield another rise but abv said res
is needed to extend recent upmove to 98.00/10.

Incline to buy on dips with stop as indicated n
only below 96.50/60 wud signal temp. top is made.

Range Forecast
97.05 / 97.40

Resistance/Support

R: 97.79/98.06/98.58
S: 97.00/96.79/96.42