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Intra-Day USD/JPY Outlook: March 21, 2012

Published 03/20/2012, 10:47 PM
Updated 01/01/2017, 02:20 AM
USD/JPY
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MAR
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INTRA-DAY USD/JPY OUTLOOK

   Dlr's intra-day retreat to 83.54 after o/n
rebound fm 83.32 to 83.78 suggests choppy trading
with mild downside bias wud be seen, however, only
below said sup wud confirm recovery fm Mon's low of
83.02 has ended at 83.83 y'day, 83.02 later.
   Abv 83.78 may bring gain to 83.83 but break is
needed confirm upmove has resumed, 84.18 top.

Range Forecast
83.54 / 83.78

Resistance/Support
R: 83.83 / 83.94 / 84.18
S: 83.32 / 83.19 / 83.02

Rate     
83.62     

Strategy/Entry Level
Stand aside
    
Last Update At
21 Mar 2012 02:22 GMT

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