[table]



[table]


Date: |
2009/08/04 |




Time: |
22:21 (GMT +2) |





Ticker: |
JPY |





Last: |
95.25 |





Pivot: |
94.85 |





1st sup. |
94.85 |




2nd sup. |
94.4 |




3rd sup. |
94.05 |






1st res. |
95.45 |




2nd res. |
95.85 |




3rd res. |
96.1 |




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[table]


[table]


Title: |
USD/JPY intraday: rebound in sight. |




Summary: |
Update on supports and resistances. |




Story: |
Pivot: 94.85

Our preference: Long positions above 94.85 with targets @ 95.45 & 95.85 in extension.

Alternative scenario: Below 94.85 look for further downside with 94.4 & 94.05 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |


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[/table]
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