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USD/JPY - 96.64 Daily Market Outlook - Nov 18

18 Nov, 2008 @ 08:45 pm ET | written by AceTrader


Although dollar has continued to gyrate inside the range of 95.87-98.30, as long as said support holds, upside bias remains for a rebound to 97.42/56 but above this resistance area is needed to signal another leg of upmove from 94.48 is under way for re-test of 98.30 and later towards 98.80/90.  

  

Below 95.87 would risk a stronger pullback but only breach of pivotal support at 95.13 would extend weakness towards 94.48.

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