DAILY USD/JPY OUTLOOK - 94.53
27 Mar 2013 08:23GMT
Although dlr’s erratic upmove fm 93.53 (Mon) to 94.91 today suggests the corrective fall fm Mar’s
3-1/2 year high of 96.71 has made a temp. low there , current retreat suggests as long as 94.96/03 res
area holds, a retreat is still likely.
Trade fm short side with stop as indicated, break wud abort n extend gain to 95.30 n 95.50.
STRATEGY : Sell at 94.70
OBJECTIVE : 94.35
STOP-LOSS : 94.85
FORECAST : 94.55 / 94.85
RES : 94.91 / 95.03 / 95.38
SUP : 94.40 / 94.13 / 93.87
[B]DAILY USD/JPY OUTLOOK - 94.27
31 Mar 2013 23:56GMT[/B]
Dlr is expected to ‘gyrate’ inside the sideways range seen in last few session following the strg bounce fm a last Mon’s 2-week low of 93.53 to 94.91 n as long as near term good sup at 93.88/91 holds, marginal gain to 94.50/60 is likely b4 retreat.
Sell on intra-day rise n exit on decline as below 93.88 needed to re-test 93.53. Abv 94.91, 95.30/40.
STRATEGY : Sell at 94.50
OBJECTIVE : 93.90
STOP-LOSS : 94.80
RES : 94.53 / 94.91 / 95.50
SUP : 93.88 / 93.53 / 92.92
[B]DAILY USD/JPY OUTLOOK - 97.34[/B]
01 May 2013 [I]22:51GMT [/I]
Despite dlr’s choppy sideways trading abv Tue’s 2-week low of 96.99, as long as y’day’s European res at 97.68 holds, decline fm last Mon’s high of 99.89 shud resume for re-test of said sup n then twds 96.58 b4 rebound due to loss of momentum.
Sell on recovery for weakness to 96.80 or turn long at 96.70 in anticipation of a bounce to 97.55.
[B]STRATEGY[/B] : 1.Sell at 97.65 or 2.Buy at 96.70
[B]OBJECTIVE[/B] : 1)96.80 or 2)97.55
[B]STOP-LOSS[/B] : 40 points
[B]RES[/B] : 97.68 / 98.20 / 98.48
[B]SUP[/B] : 96.99 / 96.58 / 95.80
