Wed, Apr 2 2008, 01:54 GMT
by AceTrader Team
INTRA-DAY USD/JPY OUTLOOK: 101.71
Updating time :01 Apr 2008 23:04 GMT
As dlr has ratchted higher after meeting renewed
buying earlier at 99.68, suggesting as long as this
intra-day sup holds, consolidation with mild upside
bias remains but only abv 100.40 wud signal 'upside
break' of nr term sideways trading has occured.
Buy on dips for 100.20, stop as indicated n only
below said Asian low aborts bullishness on dlr...
Range Forecast
99.80/ 100.10
Resistance/Support
R: 100.20/100.40/101.04
S: 99.68/ 99.22 / 98.80
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