Forex Market Outlook on Minors/Crosses
Tuesday, August 24, 2010
, Posted by Usman Ali Minhas at 1:51 AM
International Trading
INTRADAY TRADING SIGNAL BY ACETRADER.COM :
EUR/JPY : 106.95
Last Update At 24 Aug 2010 07:23 GMT
Euro's anticipated weakness after penetrating
107.21 (Asia) confirms MT decline has once again
resumed n further fall to 106.60/70 wud be seen,
however, 106.25/35 shud limit downside fm here due
to nr term loss of momentum n risk rebound later.
Sell again on recovery, stop as indicated n only
abv 107.60 signals intra-day low is made, 108.00.
Range Forecast
106.80 / 107.20
Resistance/Support
R: 107.21/107.60/108.25
S: 106.31/106.08/105.48
