INTRA-DAY USD/JPY OUTLOOK
Despite dlr's near term sideways trading after
the rebound fm y'day's low of 83.02 to 83.55 in NY,
as long as said sup holds, consolidation with mild
upside bias remains for another rebound to 83.55/57
but abv needed to bring stronger gain to 83.76.
For st trade, buy on dips with stop as indicated,
break wud risk stronger retrace. to 82.86.
Range Forecast
83.20 / 83.50
Resistance/Support
R: 83.57 / 83.76 / 83.94
S: 83.02 / 82.86 / 82.65
Rate
83.43
Strategy/Entry Level
Buy at 83.20 for st trade
Objective
83.55
Stop-Loss
83.00
Last Update At
20 Mar 2012 04:02 GMT