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

Published 03/15/2012, 03:07 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 retreat after being capped below
Asian high of 84.18, as long as 83.57/65 holds,
upside bias remains for MT uptrend fm 2011 record
low of 75.32 (OCT) to resume for marginal gain b4
correction occurs due to nr term loss of momentum.
   Trade fm long side with stop as indicated, firm
breach wud signal temp. top is made n risk 83.31...

Range Forecast
83.83 / 84.18

Resistance/Support
R: 84.18 / 84.31 / 84.52
S: 83.76 / 83.57 / 83.31

Rate     
83.85
    
Position
Long at 83.85

Strategy/Entry Level
Hold long

Objective     
84.15     

Stop-Loss
83.65
    
Last Update At
15 Mar 2012 06:53 GMT

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