INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : 89.38

Last Update At 09 Feb 2010 04:28 GMT

Dlr's intra-day sideways move is expected to con
tinue until European opening, however, near term
cross-selling in yen suggests mild upside bias
remains for gain to 89.60/70 but reckon res 89.89
wud cap dlr's rebound fm 89.15 (NY).

For short term trade, buy on dips for 89.60 n if price
rises to 89.70 1st, sell for 89.30.

Range Forecast
89.25 / 89.50

Resistance/Support
R: 89.57/89.89/90.07
S: 89.15/88.82/88.55