AceTraderForex Jan 21: Intra-day Recommendations on USD/JPY

[B]INTRA-DAY[/B] Outlook on USD/JPY - 104.52
21 Jan 2014 [I]01:25 GMT[/I]

Dlr’s present firm breach of Mon’s European top at 104.26 strongly suggests early pullback fm last Thur’s high at 104.92 has ended y’day at 103.86 n consolidation with upside bias remains for further gain twd 104.66 but 104.92 shud hold in Asia.

[B]Intra-day Recommendations on Major USD/JPY
22 Jan 2014[/B] [I]02:07 GMT[/I]


Despite intra-day weakness to 104.16, present reboud suggests further choppy trading wud be seen ahead of BoJ policy announcement n marginal gain fm here can’t be ruled out, however, abv 104.48 is needed to bring re-test of y’day’s 104.75 high.