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Hemant
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« on: February 21, 2011, 11:01:45 pm »
USD/JPY Daily Outlook

Intraday bias in USD/JPY remains neutral and more consolidations could still be seen below 83.96 Nevertheless, downside of the current retreat should be contained above 61.8% retracement of 81.12 to 83.96 at 82.20 and bring rise resumption. We'd maintain our view that rise from 80.93 is resuming for 84.49 resistance.<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/7PvGvb8kOCQ" height="1" width="1"/>

Source: USD/JPY Daily Outlook
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