acetraderfx
AceTrader.com Representative
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DAILY USD/JPY OUTLOOK - 98.7501
1 Aug 2013 06:55GMT
Dlr's intra-day rebound fm 97.66 due to recovery
in Japanese stocks suggests further choppy trading
abv y'day's 1-month low at 97.59 wud continue, abv
98.57 wud bring stronger retrace. of recent decline
twd 98.84 but 99.02 shud hold n yield another fall.
Raise short entry for 97.75 n below 97.59 wud
extend twd 97.24. Abv 99.14 aborts n risks 99.51/56
STRATEGY : Hold short
POSITION : Short at 98.75
OBJECTIVE : 97.75
STOP-LOSS : 99.10
RES : 98.57 / 99.14 / 99.41
SUP : 97.59 / 97.24 / 96.72
1 Aug 2013 06:55GMT
Dlr's intra-day rebound fm 97.66 due to recovery
in Japanese stocks suggests further choppy trading
abv y'day's 1-month low at 97.59 wud continue, abv
98.57 wud bring stronger retrace. of recent decline
twd 98.84 but 99.02 shud hold n yield another fall.
Raise short entry for 97.75 n below 97.59 wud
extend twd 97.24. Abv 99.14 aborts n risks 99.51/56
STRATEGY : Hold short
POSITION : Short at 98.75
OBJECTIVE : 97.75
STOP-LOSS : 99.10
RES : 98.57 / 99.14 / 99.41
SUP : 97.59 / 97.24 / 96.72
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