USD/JPY Daily Outlook
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : +89.30+ Last Updat e At 08 Feb 2010 02:00 GMT Although Friday’s resumption of decline in eur/ yen pushed dlr fm 89.89 to 88.82 in NY session, sub sequent rebound suggests further ‘choppy’ consolida tion abv last week’s 88.55 low wud continue but as long as 89.89 res holds, downside bias remains. For st trade, buy dips for another bounce to 89. 45 n sell on further rise for day trade. Range Forecast +89.25 / 89.55+ Resistance/Support