Thursday, October 31, 2013

Trade Idea Wrap-up: USD/JPY - Buy at 97.80

Although the greenback has retreated after yesterday's rise to 98.69 and minor consolidation below this level would be seen with mild downside bias for pullback to 98.06 (yesterday's low), still reckon previous resistance at 97.80 would limit downside and bring another rise later, above said resistance at 98.69 would extend



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