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USD/JPY Daily Market Outlook by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 80.91 Last Update At 23 Mar 2011 02:20 GMT Dlr has moved sideways in Tokyo morning after initial choppy trading due partly to cross-buying of yen, further consolidation with nr term downside bias is seen for weakness to 80.75, however, reckon buying interest wud emerge well abv 80.52 sup. Sell on recovery for 80.85 or buy if price drops to 80.75 1st for another rebound to 81.15. Range Forecast 80.85 / 81.10 Resistance/Support R: 81.32 / 81.75 / 82.00 S: 80.82 / 80.52 / 80.21