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INTRA-DAY USD/JPY OUTLOOK
Although intra-day retreat fm 78.80 (Tokyo) has
kept price under pressure in European morning, as
long as y'day's 6-week low of 78.42 holds, consoli-
dation with mild upside bias remains, however, a
breach of 78.80 needed to bring retrace. to 78.95.
Buy on dips, stop as indicated, break risks weak
ness to 78.30 b4 recovery due to loss of momentum.
Range Forecast
78.50 / 78.70
Resistance/Support
R: 78.82 / 78.95 / 79.17
S: 78.42 / 78.11 / 78.00
Last Update At
20 Jul 2012 09:08 GMT
Rate
78.58
Although intra-day retreat fm 78.80 (Tokyo) has
kept price under pressure in European morning, as
long as y'day's 6-week low of 78.42 holds, consoli-
dation with mild upside bias remains, however, a
breach of 78.80 needed to bring retrace. to 78.95.
Buy on dips, stop as indicated, break risks weak
ness to 78.30 b4 recovery due to loss of momentum.
Range Forecast
78.50 / 78.70
Resistance/Support
R: 78.82 / 78.95 / 79.17
S: 78.42 / 78.11 / 78.00
Last Update At
20 Jul 2012 09:08 GMT
Rate
78.58
