INTRA-DAY USD/JPY OUTLOOK

Dlr's intra-day rebound on active cross selling
in jpy suggests the decline fm last Fri's high of
78.77 has possibly made a low at 78.15 y'day n con-
solidation with upside bias wud be seen for gain to
78.54/55 but said res wud remain intact.

Buy on dips with stop as indicated, break wud
risk stronger pullback to 78.08 n 77.90 sup.

Range Forecast
78.25 / 78.40

Resistance/Support
R: 78.45 / 78.65 / 78.77
S: 78.15 / 78.06 / 77.90

Last Update At
07 Aug 2012 09:22 GMT

Rate
78.38

Strategy/Entry Level
Buy at 78.25

Objective
78.55

Stop-Loss
78.10