USD/JPY Daily Forecast 18.01

USD/JPY - 106.63 - 18 Jan 2008 00:42 GMT

Although USD has rebounded after intra-day fall to 106.35 and retrace to 106.95/00 cannot be ruled out, as longh as 107.15/20 holds, bearishness remains but below said support is needed to extend weakness from 107.95 towards 106.10/15.

Incline to sell on further rise with stop, as
indicated above would prolong choppy trading, 107.50...

Range Forecast
106.45 / 106.75

Resistance/Support
R: 107.17/107.57/107.95
S: 106.35/105.92/105.50

AceTrader