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Tuesday, June 14, 2005

Forecast USD JPY for 14th June 2005

The 24-hrs forecast based trend chart gives the expected trend for day during the three different sessions -Japanese, European and US.

Intra-day forecast (USD / JPY - 14th Jun)
USD will become strong against other majors. USD/JPY will become strong - Long Term upward Trend Phase.
Early trading Hrs, USD/JPY will be firm and volatility expected, will become moderate during late GMT trading Hrs. USD/JPY shows support at 107.12 closing will be moderate.

spot- trade- clues
Sell USD/JPY during 03:00-04:00 GMT trading Hrs above 109.61 level and buy USD/JPY during 21:00-22:00 GMT trading below 107.12 level

Trade Signal - Trend and Timings
Trend for the day: Downward till GMT 12:30 Hrs and further downward till day end with intermediary swing of 20-40 Pips
Timing:
Buy/Sell Time level/limit Stop Sell 02:30 PM 22-26 pips above Buy 08:30 PM Sell 08:30 PM 22-26 pips above Buy 15:30 PM Sell 15:30 PM 22-26 pips above Buy 21:00 PM Time - GMT Hrs , PM- Prevailing Market

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