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USD/JPY Daily Market Outlook by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 80.93 Last Update At 21 Mar 2011 02:03 GMT Although dlr has edged higher after meeting buy- ing interest earlier abv Fri's NY low of 80.52, as the strg retreat fm 82.00 confirms a temp. top is in place, sideways consolidation with mild downside bias is seen for another retreat twd 80.52 b4 up. For st trade, sell on further recovery for 80.85 or buy if dlr drops to 80.60 1st for 80.95. Range Forecast 80.75 / 81.10 Resistance/Support R: 81.25 / 81.75 / 82.00 S: 80.52 / 80.21 / 79.75