USD/JPY - 96.50 Daily Market Outlook - Nov 17
17 Nov, 2008 @ 08:46 pm ET | written by AceTrader
Further gyrations inside the range of 94.48-98.30 is in store and although weakness towards 95.87 (yesterday's low in Australia) cannot be ruled out, as long as support at 95.13 holds, upside bias remains a rebound to take place later, however, break of 97.76 is needed to signal another leg of upmove is under for re-test of 98.30.
On the downside, below support at 95.13 would risk another fall towards aforesaid lower range.
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