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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY


USD/JPY : +90.28+

Last Update At 29 Jan 2010 09:09 GMT

Present anticipated rebound suggests pullback
fm y'day's high of 90.56 has possibly ended at 89.
57 n consolidation with upside bias wud be seen for
gain to 90.40, however, break is needed to confirm
erratic rise fm 89.14 has resumed, 90.56 again.


Buy again on dips with stop as indicated, break
wud risk stronger retrace. to 89.57...

Range Forecast
+90.15 / 90.40+


Resistance/Support
R: 90.40/90.56/90.79
S: 89.57/89.35/89.14

www.acetraderfx.com

[B]The last day of January features the initial release for American GDP among other important events. Let’s see what’s up for today.[/B]

EUR/USD, the most popular pair is suffering losses. [URL="http://www.winnersedgetrading.com/trade-of-the-day.php"][B]Casey Stubbs[/B][/URL] keeps up with the moves with fresh analysis all the time.

In Britain, GfK Consumer Confidence is predicted to rise from -19 to -18. Later in Britain. the important Nationwide HPI is due. It’s predicted to rise by 0.4%, exactly as last month. Will this take the Pound out of the current range? For more on GBP/USD, read the [B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/gbp-usd-outlook/"]British Pound forecast[/URL][/B]. ...

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.394
[b]Stop[/b]: 1.399
[b]Resistances[/b]: 1.412 - 1.4045 - 1.3965
[b]Supports[/b]: 1.375 - 1.387 - 1.3915

[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpjpy"]GBP/JPY - British Pound / Yen[/url][/b]
[b]Entry[/b]: 145
[b]Stop[/b]: 144.2
[b]Resistances[/b]: 149.5 - 147.2 - 145.5
[b]Supports[/b]: 143 - 143.65 - 144.45

[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpusd"]GBP/USD ...

EURUSD Forecast:
The EURUSD had a moderate bearish movement yesterday, closed below 1.4000 and keep moving lower around 1.3922 at the time I wrote this comment. This fact should open the door for further bearish scenario targeting 1.3750 area. The bias is bearish in nearest term. Immediate resistance at 1.4000/30 area. Break above that area should lead us into no trading zone as direction would become unclear.



GBPUSD Forecast:
The GBPUSD attempted to push higher yesterday, topped at 1.6274 but once again, the trendline resistance provided a good technical resistance preventing further upside pressure as price closed lower at 1.6136 after touched the trendline. ...