Intra-day Usd/jpy Outlook By Acetrader - Forex Forum

 
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> Intra-day Usd/jpy Outlook By Acetrader
AcetraderFX
post Jul 16 2008, 6:31
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Dlr's intra-day weakness due to renewed cross
buying in yen suggests recovery fm y'day's low at
104.16 has ended at 105.11 n re-test of said sup is
seen, however, break is needed to extend recent
decline to 103.90/00.

Lower sell entry with stop as indicated n only
abv 105.11 aborts n risks retrace. to 105.30/40...

Range Forecast
104.50 / 104.80

Resistance/Support
R: 105.11/105.25/105.66
S: 104.16/103.69/13.30

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