INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : 89.10

Last Update 19 Nov 2009 04:18 GMT


Although broad outlook continues to be consolida
tive, as dlr has remained under pressure in Asia
due to intra-day active cross buying yen, near term
downside bias remains but reckon this week's low at
98.73 wud hold on 1st testing n bring rebound.

Sell on minor recovery n only abv strg res 89.55
wud risk stronger retracement of recent fall.

Range Forecast
89.00 / 89.25

Resistance/Support

R: 89.55/89.74/90.14
S: 89.00/88.73/88.50