USD/JPY - 93.48 Daily Market Outlook - Jul 21

By IBTimes Staff Reporter | July 21 2009 8:44 PM

Yesterday's selloff in part due to cross buying in yen suggests further choppy trading below this week's temporary top at 94.80 is in store and a breach of support area at 93.25/27 would bring stronger retracement of the corrective rise from 91.73 towards 92.72 before prospect of a rebound due to anticipated oversold condition. On the upside, only above 94.40 would indicate the aforesaid fall from 94.80 has ended and bring re-test of this resistance later.

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

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

Those Were The Days: How Norman Lear And ‘All in the Family’ Permanently Changed US Television And Society

How Norman Lear And ‘All in the Family’ Changed US Television And Society

Chinese Tourists Told To Fix ‘Uncivilized Behavior’ Have Their Own Request: Treat Us Better

Chinese Tourists Told To Curb ‘Uncivilized Behavior’

How To Solve Pakistan’s Energy Crisis? Turn Off Air Conditioners, Wear No Socks

Pakistan's Creative Way To Solve Its Energy Crisis

web counter