0 votes vote | Click to vote

USD/JPY - 90.12 Daily Market Outlook - Nov 3

03 Nov, 2009 @ 08:46 pm ET | written by AceTrader


Although dollar's rebound from 89.18 suggests recent decline has formed a temporary low earlier this week, a breach of 90.71 is needed to signal correction is under way and bring further subsequent gain to 91.00/10, however, upside should be capped well below resistance at 91.63 and yield retreat later.  

  

Below 89.84/87 would bring weakness to 89.40/50 but only a breach of 89.18 would confirm the fall from 92.33 has resumed.

For more forex information, go to www.acetraderfx.com

  • Size: t1 t2 t3
  • Print: print
  • Email: email
 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives