INTRA-DAY USD/JPY OUTLOOK

Despite last week's rally fm Wed's low of 81.68to as high as 82.75 on Fri, subsequent retreat to 82.36 suggests 'choppy' trading below Nov's 7-1/2 month high at 82.84 wud continue with downside biasn below 82.36 wud bring stronger retrace. to 82.22.

Sell on recovery with stop as indicated n only abv 82.75 wud signal upmove has resumed, 82.90/00.

Range Forecast
82.30 / 82.50

Resistance/Support
R: 82.75 / 82.84 / 83.00
S: 82.22 / 82.05 / 81.91

Last Update At
03 Dec 2012 02:11 GMT

Rate
82.40

Strategy
Sell at 82.52

Objective
82.22

Stop-Loss
82.72