INTRA-DAY USD/JPY OUTLOOK
Although dlr has retreated after marginal rise
abv Asian high of 81.37 to 81.39 n consolidation
with mild downside bias wud be seen, below 81.08 is
needed to signal an intra-day top is made n yield
weakness to 80.94 (prev. res, now sup).
Trade fm short side with stop as indicated, abv
wud abort n risk gain to 81.58 res.
Range Forecast
81.08 / 81.39
Resistance/Support
R: 81.39 / 81.58 / 81.87
S: 80.94 / 80.59 / 80.42
Rate
81.29
Position
Short at 81.20
Strategy/Entry Level
Hold short
Objective
80.95
Stop-Loss
81.40
Last Update At
08 Mar 2012 06:44 GMT