INTRA-DAY Forex Focus!! USD/JPY OUTLOOK - 79.75 (21 Feb 2012 06:28GMT...)

Dlr has rebounded after finding renewed buying at 79.55,suggesting intra-day upside bias remains for re-test of y'day's 6-1/2 month high of 79.89 but loss of upward momentum wud limit gain to 80.00 n yield a much-needed correction. Buy on dips with stop as indicated n only below 79.36 wud risk stronger pullback to 79.18. ...