INTRA-DAY USD/JPY OUTLOOK
Despite dlr's retreat fm 83.63 to 83.28, as long
as y'day's low at 83.19 holds, choppy consolidation
with upside bias remains for gain twds said lvl but
break needed to bring stronger retrace. of y'day's
selloff fm 84.18 to 83.83 b4 down.
For st trade, buy on dips with stop as indicated,
below wud extend fall fm 84.18 to 82.86.
Range Forecast
83.28 / 83.55
Resistance/Support
R: 83.63 / 83.83 / 84.00
S: 83.19 / 83.07 / 82.86
Rate
83.50
Strategy/Entry Level
Buy at 83.30 for st trade
Objective
83.60
Stop-Loss
83.15
Last Update At
16 Mar 2012 06:08 GMT
Despite dlr's retreat fm 83.63 to 83.28, as long
as y'day's low at 83.19 holds, choppy consolidation
with upside bias remains for gain twds said lvl but
break needed to bring stronger retrace. of y'day's
selloff fm 84.18 to 83.83 b4 down.
For st trade, buy on dips with stop as indicated,
below wud extend fall fm 84.18 to 82.86.
Range Forecast
83.28 / 83.55
Resistance/Support
R: 83.63 / 83.83 / 84.00
S: 83.19 / 83.07 / 82.86
Rate
83.50
Strategy/Entry Level
Buy at 83.30 for st trade
Objective
83.60
Stop-Loss
83.15
Last Update At
16 Mar 2012 06:08 GMT