USD/JPY Intra-day signal by AceTrader
March 4th, 2011
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY
USD/JPY : 82.33
Last Update At 07 Mar 2011 00:15 GMT
Despite extending Friday’s decline fm 83.09 (NY)
marginally lower to 82.20 in Australia, present
rebound suggests initial sideways trading is seen
in Tokyo morning n recovery to 82.50/60 is likely
but 82.79 wud cap upside, yield another fall later.
For st trade, buy on next decline for 82.50 or
sell if dlr rises to 82.60 1st for 82.25.
Range Forecast
82.20 / 82.50
Resistance/Support
R: 82.79 / 82.87 / 83.09
S: 82.20 / 81.93 / 81.73
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