Daily Pivots: (S1)10,584; (S2)10,565; (S3)10,532; (P)10,617; (R1)10,636;
(R2)10,669; (R3)10,688 A temporary low is formed at 10,598
in USD/JPY and intraday bias is turned neutral first. Further decline is
expected as long as 10,750 resistance holds. Reactions from 10,598 could
finally reveal whether fall from 10,750 is corrective or impulsive. On the
upside, the break of 10,750 resistance will indicate short term bottoming and turn
bias back to the upside for 10,809 minor resistance and further major
resistance at 10,938 level.
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