Thursday, November 28, 2013

Trade Idea: EUR/JPY - Buy at 138.00

As the single currency has surged again after brief pullback, suggesting recent upmove is still in progress and may extend further gain to 139.50 and possibly to psychological resistance at 140.00 (also just above 1.236 times projection of 131.22-135.94 measuring from 134.11), however, overbought condition should prevent sharp move beyond



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