INTRA-DAY EUR/JPY OUTLOOK :  118.60

Updating time :19 Feb 2009 11:47 GMT

Euro's firmness after breaking 118.81 suggests
erratic rise fm 114.90 has resumed n further gain
to 119.10/20 is seen, however, broad outlook is
consolidative n reckon 119.64 res wud cap upside
due to nr term o/bot condition n yield retreat.

Buy on dips with stop as indicated, below wud
risk stronger pullback twd 118.06...

Range Forecast
118.55 / 118.95

Resistance/Support

R: 119.13/119.64/120.04
S: 118.06/117.68/117.30