INTRA-DAY EUR/JPY OUTLOOK :  117.05

Updating time :16 Feb 2009 12:22 GMT

Despite euro's brief but strg rebound fm 116.53
to 117.49, subsequent retreat suggests recovery is
possibly over but below 116.75/85 needed to confirm
decline fm last Friday's high of 118.81 has resumed
n bring re-test of said sup n then 116.04/10.

Sell on pullback with stop as indicated, break
wud risk stronger retrace. to 117.94/00...

Range Forecast

116.95 / 117.35

Resistance/Support
R: 117.49/118.15/118.81
S: 116.85/116.53/116.04