INTRA-DAY USD/JPY OUTLOOK

Dlr's breach of Fri's 79.07 low due to 'cross-
buying' of yen signals decline fm 80.62 (Jun) has
resumed n mild downside bias remains for marginal
weakness twd 78.80, however, o/sold condition shud
prevent steep fall below there n 78.62 wud hold.

Wud not chase this move n look to buy on next
fall for day trade. Only abv 79.39 signals low made

Range Forecast
78.90 / 79.10

Resistance/Support
R: 79.39 / 79.50 / 79.79
S: 78.80 / 78.62 / 78.50

Last Update At
16 Jul 2012 07:33 GMT

Rate
79.03

Strategy/Entry Level
Stand aside