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USD/JPY Daily Market Outlook by AceTrader

Discussion in 'Market Predictions and Reports' started by acetraderfx, May 23, 2010.

  1. acetraderfx

    acetraderfx AceTrader.com Representative

    Joined:
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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
     

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