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Forex Trading Signals

USD/JPY Daily Market Outlook by AceTrader

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by , 11-04-2010 at 10:04 PM (423 Views)
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY :
80.95

Last Update At 05 Nov 2010 01:00 GMT

Although dlr has recovered after y'day's drop to
80.58 n sideways trading wud be seen, as long as 81.17 res holds, nr term decline fm 81.59 shud resume for re-test of said sup, below wud confirm MT uptrend has resumed n head twds 80.21 low.

Sell on recovery with stop as indicated, break
wud prolong choppy trading n risk 81.35/40.

Range Forecast
80.65 / 81.00

Resistance/Support
R: 81.17 / 81.60 / 81.99
S: 80.58 / 80.32 / 80.21

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