INTRA-DAY USD/JPY OUTLOOK
Dlr's stronger-than-expected retreat due to
cross buying in jpy suggests caution on our long n
price needs to hold abv 82.00/05 for prospect of a
rebound, abv intra-day 82.53 res revives daily bull
ishness for re-test of Fri's 10-month 82.65 top.
Trade fm long side with stop as indicated, break
wud risk stronger pullback twds 81.87/89 b4 up.
Range Forecast
82.10 / 82.40
Resistance/Support
R: 82.65 / 82.83 / 83.10
S: 82.00 / 81.87 / 81.47
Rate
82.12
Position
Long at 82.25
Strategy/Entry Level
Hold long
Objective
82.65
Stop-Loss
82.05
Last Update At
12 Mar 2012 02:26 GMT