USD/JPY - 89.63 Daily Market Outlook - Feb 11

By IBTimes Staff Reporter | February 11 2010 8:12 PM

Although yesterday's retreat from 90.15 high suggests consolidation would be seen and pullback to 89.45/50 is likely, as long as 89.25 support holds, mild upside bias remains for corrective rise from 88.55 to re-test said resistance n a break would extend to 90.45/50 before another retreat takes place. Below 89.00/05 would signal aforesaid correction of erratic decline from 93.78 has ended and bring subsequent weakness to 88.55 first.

Sponsorship Link

Euro Set For Another Week of Disappointing Data

Euro Set For Another Week of Disappointing Data

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

In Depth

Man Fined For Violating NYC Illegal Hotel Law, Used Airbnb To Rent Out Apartment Illegally

Man Fined For Violating NYC Illegal Hotel Law Via Airbnb

Moore Tornado Meteorology: Not Unusually Strong, No Definitive Climate Change Link Yet

How Strong Was The Oklahoma Tornado, In Historical Terms?

Atheists Fight Gideon Bibles With Books By Christopher Hitchens And Richard Dawkins In Georgia State Parks

What Would Jesus Read? Atheists Fight Bibles With Hitchens In Georgia Book Battle

Tesla’s First-Ever Profit Came Thanks To Selling Zero Emission Credits To Competitors, But It Insists It’s Not Dependent On Bartering CO2 Offsets

Without Carbon Credits, Tesla Would Not Be Profitable (Yet)

web counter