acetraderfx
AceTrader.com Representative
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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY
USD/JPY : 90.14
Last Update At 24 May 2010 02:00 GMT
Despite intra-day selloff fm 90.75 (AUS) due to
renewed cross-buying in yen, subsequent rebound fm
89.74 suggests a minor low ha been formed there n
choppy sideways trading is now envisaged but reckon
90.25/35 wud cap upside n bring another fall later.
In view of near term upside risk, exit short n
sell dlr again on further rise for 89.85.
Range Forecast
89.95 / 90.25
Resistance/Support
R: 90.24/90.49/90.75
S: 89.74/89.54/89.22
USD/JPY : 90.14
Last Update At 24 May 2010 02:00 GMT
Despite intra-day selloff fm 90.75 (AUS) due to
renewed cross-buying in yen, subsequent rebound fm
89.74 suggests a minor low ha been formed there n
choppy sideways trading is now envisaged but reckon
90.25/35 wud cap upside n bring another fall later.
In view of near term upside risk, exit short n
sell dlr again on further rise for 89.85.
Range Forecast
89.95 / 90.25
Resistance/Support
R: 90.24/90.49/90.75
S: 89.74/89.54/89.22
