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Intra-Day USD/JPY Outlook: March 15, 2012

Published 03/15/2012, 02:23 AM
Updated 01/01/2017, 02:20 AM
USD/JPY
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MAR
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INTRA-DAY USD/JPY OUTLOOK

   Despite dlr's sideways trading after extending
uptrend 2011 record low of 75.32 (OCT) to 84.18 in
Asia, as long as sup 83.83 (prev. res) holds, mild
upside bias remains for marginal gain twds 84.31 b4
correction occurs due to nr term o/bot condition.
   Buy on dips with stop as indicated n only below
83.50/57 signals temp. top is made n risks 83.31...

Range Forecast
83.83 / 84.18

Resistance/Support
R: 84.18 / 84.31 / 84.52
S: 83.83 / 83.57 / 83.31

Rate     
84.07     

Strategy/Entry Level
Buy at 83.85

Objective     
84.20     

Stop-Loss
83.65
    
Last Update At
15 Mar 2012 05:48 GMT

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