[B]DAILY USD/JPY OUTLOOK - 93.29[/B]
[B]06 Mar 2013 [/B] [I][B]08:10GMT[/B][/I]
Although dlr has risen on renewed cross-selling in yen after y’day’s intra-day retreat fm 93.54 to
92.92, abv Mon’s 93.73 high is needed to signal correction fm last Mon’s 33-month peak at 94.77 over n extend erratic rise fm 90.85 to 94.14.
Below 92.92 wud prolong recent ‘choppy’ trading n yield stronger retrace. to 92.44. Stand aside.
[B]STRATEGY[/B]: Stand aside
[B]RES [/B]: 93.73 / 94.14 / 94.77
[B]SUP[/B] : 92.92 / 92.44 / 92.01