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

 
> Intra-day Usd/jpy Outlook By Acetrader, INTRA-DAY USD/JPY OUTLOOK by AceTrader
AcetraderFX
post Nov 20 2008, 4:31
Post


INTRA-DAY USD/JPY OUTLOOK: 95.76

Updating time : 20 Nov 2008 02:57 GMT

Despite o/n cross-inspired selloff, dlr's reco-
very fm 95.56 (Aust.) suggests minor consolidation
wud be seen but reckon 96.15/20 shud limit upside n
yield another fall to 95.40/50, however, sup at
95.13 wud hold in Asia.

Sell on further recovery for 95.65 n if price
drops to 95.40 1st, buy for a rebound to 95.90...

Range Forecast
95.60 / 95.90

Resistance/Support
R: 96.33/ 97.12/ 97.56
S: 95.56/ 95.13/ 94.48


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