INTRA-DAY USD/JPY OUTLOOK
As renewed buying at 83.37 has lifted price, sug
gesting consolidation with mild upside bias wud be
seen for a rebound twds 83.80/83, however, as yes-
terday's cross-inspired selloff fm 84.18 to 83.19
signals temp. top is made, 84.00 wud cap upside.
For st trade, hold long with stop as indicated n
only below 83.19 risks stronger retrace. to 83.07.
Range Forecast
83.37 / 83.75
Resistance/Support
R: 83.83 / 84.00 / 84.18
S: 83.37 / 83.19 / 83.07
Rate
83.52
Position
Long at 83.40
Strategy/Entry Level
Hold long for st trade
Objective
83.70
Stop-Loss
83.30
Last Update At
16 Mar 2012 02:07 GMT