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INTRA-DAY USD/JPY OUTLOOK
Although dlr has traded narrowly in Tokyo after
y'day's strg retreat fm a near 2-mth high of 78.28
to as low as 77.56 in NY session n further sideways
move is expected, as long as said o/n low holds,
another bounce is seen but 78.00 wud cap upside.
Buy dlr on dips with stop below 77.56, however,
reckon 77.34 (prev. res) shud remain intact.
Range Forecast
77.65 / 77.85
Resistance/Support
R: 77.96 / 78.29 / 78.40
S: 77.56 / 77.34 / 77.08
Rate
77.77
Strategy/Entry Level
Buy at 77.65
Objective
77.95
Stop-Loss
77.50
Last Update At
26 Jan 2012 02:25 GMT
Although dlr has traded narrowly in Tokyo after
y'day's strg retreat fm a near 2-mth high of 78.28
to as low as 77.56 in NY session n further sideways
move is expected, as long as said o/n low holds,
another bounce is seen but 78.00 wud cap upside.
Buy dlr on dips with stop below 77.56, however,
reckon 77.34 (prev. res) shud remain intact.
Range Forecast
77.65 / 77.85
Resistance/Support
R: 77.96 / 78.29 / 78.40
S: 77.56 / 77.34 / 77.08
Rate
77.77
Strategy/Entry Level
Buy at 77.65
Objective
77.95
Stop-Loss
77.50
Last Update At
26 Jan 2012 02:25 GMT
