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Intra-Day USD/JPY Outlook: March 16, 2012

Published 03/16/2012, 02:37 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 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

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