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USD/JPY Daily Market Outlook by AceTrader

Discussion in 'Market Predictions and Reports' started by acetraderfx, Jul 12, 2010.

  1. acetraderfx

    acetraderfx AceTrader.com Representative

    Joined:
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    INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY


    USD/JPY : 88.85

    Last Update At 13 Jul 2010 00:28 GMT

    Dlr's intra-day cross-inspired selloff fm yester
    day's Asian high of 89.15 to 88.39 (NY) confirms
    recent erratic rise fm this month's low at 86.96
    has made a temp. top n choppy trading with initial
    downside bias is seen but reckon 88.22/27 wud hold.


    For st trade, sell on recovery for 88.45 or buy
    on next decline to 88.25 for rebound to 88.65.



    Range Forecast
    88.50 / 88.85


    Resistance/Support
    R: 88.85 / 89.15 / 89.46
    S: 88.39 / 88.27 / 88.00
     

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