05-18-2010, 01:17 PM
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Superior Investor
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Join Date: Sep 2008
Posts: 11,435
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USD/JPY Mid-Day Outlook
As noted before, retreat from 93.62 should have completed at 91.75 already. Intraday bias is neutral for the moment. . Break of 93.62 will indicate that rise from 88.25 has resumed for 94.97 resistance. But we'd expect strong resistance from there to limit upside and bring another short term fall. On the downside, below 91.75 will bring another decline to 90.86 and below as consolidations from 94.97 continues.
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