1 reply to this topic

[alzhanghunan1]

INTRA-DAY USD/JPY OUTLOOK

Although dlr has remained under pressure after
staging a minor recovery fm y'day's 76.14 low to 76
.30, as long as said sup holds, another bounce is
still likely n abv 76.30 wud yield stronger gain to
76.41 n possibly twd 76.55 after consolidation.
Trade fm long side, stop as indicated n only be-
76.05 wud abort n may extend marginally to 75.95.

Range Forecast
76.15 / 76.35

Resistance/Support
R: 76.41 / 76.55 / 76.90
S: 76.14 / 75.95 / 75.33

Rate
76.15

Position
Long at 76.15

Strategy/Entry Level
Hold long

Objective
76.40

Stop-Loss
76.00

Last Update At
01 Feb 2012 01:29 GMT

[Dominator4fx]

INTRA-DAY USD/JPY OUTLOOK

Although dlr has remained under pressure after
staging a minor recovery fm y'day's 76.14 low to 76
.30, as long as said sup holds, another bounce is
still likely n abv 76.30 wud yield stronger gain to
76.41 n possibly twd 76.55 after consolidation.
Trade fm long side, stop as indicated n only be-
76.05 wud abort n may extend marginally to 75.95.

Range Forecast
76.15 / 76.35

Resistance/Support
R: 76.41 / 76.55 / 76.90
S: 76.14 / 75.95 / 75.33

Rate
76.15

Position
Long at 76.15

Strategy/Entry Level
Hold long

Objective
76.40

Stop-Loss
76.00

Last Update At
01 Feb 2012 01:29 GMT

USDJPY was mostly in the flat range today given the fact that there was no Economic data that was coming out of Japan.

But then the investor are also worried about the possible Intervention threats from the Bank of Japan