Intra-day forex signal by AceTrader : USD/JPY

[acetraderfx]

Intra-day forex signal by AceTrader

USD/JPY OUTLOOK +99.08+

Last Update At 09 Mar 2009 23:11 GMT

Despite usd's sideways trading after y'day's
rally to 99.19, as renewed buying at 98.68 o/n has
lifted price, upside bias remains for nr term rise
fm last week's low of 96.57 to extend gain to 99.30
but recent top at 99.69 shud hold on 1st testing.

Trade fm long side with stop as indicated n only
below 98.45 signals top is made n risks 98.05/10...

Range Forecast
+98.90 / 99.19+

Resistance/Support
R: 99.19 / 99.36 / 99.69
S: 98.45 / 97.90 / 97.59

Our 2008 trading performance summary:
http://www.acetraderfx.com/eng/performance/perform2008.asp

 

[andy003]

USD/JPY
It could be a short position at 96,10. We will put the stop loss above the point 96,65 (-55 pips). The targets are 95,00 (+110 pips, risk/reward 1:2), 94,50 (+160 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss.
Resistances
96,50 - 96,90
Supports
95,95 - 95,00

 

[andy003]

USDJPY breaks above the previously mentioned price channel resistance, suggesting that a short term cycle bottom has been formed at 95.62 level on 4-hour chart and the downtrend from 101.43 has completed. Further rally is still possible to test 99.74 resistance later today. Near term support is at 98.50 followed by 98.00, as long as 98.00 level holds, we’d expect the short term uptrend from 95.62 to continue