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JPY-111.05 10th May,2006 Pre-European Update No change in view, Yen did not get to our sell level at 112.00 but declined in line with our forecast and for now the current decline should find some support around 110.70 levels for a corrective rally towards 112.00 and we now prefer to initiate a buy on dips near 110.70 for the above said target to be reached. Amend stop to entry on break above 111.00 levels. Buy @ 110.70 for 111.70 min and even 112.00 with stop below 110.40. By N. Rajesh Kumar, Forex Leads, Email: rajesh@forexleads.com , # 3 G-1 Ambal Flats, Sathyavathi Nagar, Padi Chennai 600050, Phone: + 91 44 26549159  Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only. |
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