USD/JPY Daily Outlook

INTRA-DAY USD/JPY OUTLOOK: 114.09

Updating time :23 Dec 2007 22:21 GMT


Friday's rally abv 113.60 (prev. res, now sup)
confirms recent uptrend fm 107.22 has 'finally' re-
sumed n further gain to 114.40/50 is now envisaged
after minor consolidation but near term o/bot condi
tion shud cap price below 114.75/80.

Incline to buy dlr on dips as only below 113.60
wud signal a temp. top is made n risk 113.27...

Range Forecast
113.90 / 114.21

Resistance/Support
R: 114.21/114.50/114.79
S: 113.60/113.27/112.74