AceTraderForex Dec 27: Daily Outlook on Major USD/JPY

[B] DAILY USD/JPY OUTLOOK - 104.81
26 Dec 2013[/B] [I]23:25GMT[/I]

Dlr’s firmness after y’day’s rise to a fresh 5-
year peak at 104.85 suggests LT uptrend wud extend
gain to 105.00 after initial consolidation, break
there wud bring subsequent headway twds projected
obj. at 105.15/20 but reckon 105.40/50 wud hold.

Buy on dips with stop as indicated, below wud
abort n risk stronger retracement to 103.77.

[B]
STRATEGY :[/B] Buy at 104.45

[B]OBJECTIVE [/B]: 105.20
[B]
STOP-LOSS :[/B] 104.10
[B]
RES :[/B] 105.00/105.43/105.91

[B]SUP :[/B] 104.64/104.12/103.77