INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : +96.91+

Last Update At 11 Aug 2009 06:25 GMT

Dlr's rebound fm 96.55 (Asia) suggests intra-day
low has been formed n consolidation with upside
bias is seen for gain to 97.20/25, however, abv 97.
50 is needed to signal recent upmove has resumed n
bring re-test of last week's high at 97.79 later.

Hold long with stop below said sup as break wud
defer n risk stronger retracement to 96.30/35.

Range Forecast
+96.80 / 97.10+

Resistance/Support
R: 97.22/97.50/97.79
S: 96.55/95.89/95.48